IKEA had written to Mamata Banerjee, expressing interest in setting up stores with investments of over Rs 20 billion
According to a presentation made by an IKEA
official at the conclave, IKEA’s purchasing operations from India stood at Rs 30 billion in the 2017-18 fiscal year. IKEA
sources around Rs 20 billion of natural fibre
for its furniture. The company has expressed interest in procuring the products from bamboo- and natural fibre-rich Bengal, provided it met quality norms, Mitra said.
As the next step, IKEA
-- buoyed up by the response to its first store in Hyderabad -- could look at setting up stores in the state, according to reports. However, Mitra didn't want to elaborate on it.
In April, IKEA
had written to Chief Minister Mamata Banerjee, expressing interest in setting up one-two stores with investments of over Rs 20 billion. Typically, IKEA
stores are large. The Hyderabad store is spread across .4 million square feet with a 1,000-seater cafeteria.