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Related Keywords: acacia, bamboo, Global home furnishings leader, home furnishing, IKEA, Make More in India, mattresses, sustainable material

Global home furnishings leader, IKEA has announced a new initiative - ‘Make More in India’ aimed at potential suppliers and to expand IKEA’s supplier base as well as the categories of home furnishing products sourced in India. IKEA currently sources for Euro 315 million and plans to double the sourcing by 2020. It has 48 suppliers in India with 45,000 direct employees and about 400,000 people in its extended supply chain.

Related Keywords: Ajay Shankar Committee, apparel, employment generation, finished products export, home furnishing, Technical textile, textile and garment export, textile vision document

The textile vision document prepared by the Ajay Shankar committee, proposes export of only finished products. This would involve growth rate of apparel, home furnishings, technical textiles and other finished products be grow very rapidly. As it forecast textile and garment exports worth $300 billion by 2024-25.
 

Related Keywords: distribution facility, hand knotted area rugs, home furnishing, machine, Surya Inc

Surya Inc., an Indian based vertically-integrated manufacturer of machine and hand-knotted area rugs and soft goods for the home furnishings market plans investment of $30 million to open a U.S. corporate office and state-of-the-art, 1,000,000 square foot distribution facility in Cartersville, Ga.

The Cartersville facility will handle Surya’s supply chain management, sales, and web creative development services. The company currently has a corporate facility in Calhoun, Ga., and reports that 250 jobs will be retained with the opening of the new facility.