IKEA is planning the next round of investment in India to expand its presence, increase sourcing, and further build its volume. The company has exhausted its initial commitment of Rs 10,500 crore and is formulating plans for the next level of investment. IKEA's India CEO believes that India has great growth potential and sees it as a huge opportunity market. The company is focusing on the South and West regions but is also considering expansion to other cities such as Lucknow and Chandigarh. IKEA is also working to increase sourcing from Indian markets for its global retail operations.