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Ikea's Plans For India May Face Stiff Competition From Mukesh Ambani Ikea's Plans For India May Face Stiff Competition From Mukesh Ambani Ikea has just two years left to raise the ratio of goods and materials sourced from India -- currently at 22% -- to at least 30% to meet local regulations.
Customers stand in line at check-out counters in the restaurant of the Ikea store in Hyderabad.
Furniture giant Ikea is accelerating its India expansion after a nationwide pandemic lockdown last year delayed the construction and opening of new stores in one of its fastest-growing markets.
"If you have a lockdown you can't continue to construct," Peter Betzel, Ikea's chief executive officer for India said in an interview. "But now we are back in full speed."
GermanyMumbaiMaharashtraIndiaHyderabadAndhra-pradeshNew-delhiDelhiSwedenBengaluruKarnatakaSpainAs travel abroad stays muted, homestays take off for New Year holidays
Near Delhi, places such as Kasauli, Manali, Mussoorie, Dehradun are attracting travelers and it is Mahabaleshwar, Lonavala, Nashik, Alibag, Karjat near Mumbai. Goa, of course, remains an evergreen travel destination
Sonal Khetarpal | December 30, 2020 | Updated 21:10 IST
A vacation abroad and clubbing is out of question on a New Year's Eve. So, people are flocking to private holiday homes instead.
Rashmi and Rohan Menon decided to rent out an apartment in Dehradun after winter break in school of their two children. The reason was simple. "While it will still be the four of us, we will have a change of scene and we will be able to maintain all the safety protocols (due to COVID-19)," says Rashmi. The Menons are taking a two-week break where the family will enjoy a vacation in December and will work in the first week of January.
DehradunUttaranchalIndiaManaliTamil-naduMahabaleshwarMaharashtraLonavalaMumbaiKasauliHimachal-pradeshAlibag