Looking at omni-channel presence in India, says Swedish home furnishings major IKEA
"We are long term committed to India. We are planning to have omni-channel presence here. We will have three formats -- big stores, online and smaller stores here," IKEA India CEO Peter Betzel told PTI.
In 2013, IKEA received nod from the government to invest Rs 10,500 crore in single-brand retail out of which it had invested Rs 4,500 crore in its different ongoing projects in India. Reuters