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Ikea inked pact with Maharashtra govt to set up 2-3 outlets investing Rs 600cr

Related Keywords: create jobs, FDI, household goods and textiles, IKEA, Ikea AB, Indian subsidiary of Swedish furniture retailer, inked a pact, largest retailers in furniture, make investment for setting up outlets, with Maharashtra government

Furniture retailer Ikea India, the Indian subsidiary of Swedish furniture retailer Ikea AB plans to make investment of Rs.600 crore for setting up 2-3 outlets in the state of Maharashtra for which it has inked a pact with the Maharashtra government.

Chief Minister Devendra Fadnavis told the legislature in a statement that the company will invest Rs 600 crore in Maharashtra to set up 2-3 outlets. Each outlet will create around 1000 jobs.

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