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December 18, 2020

IKEA plans to enter Indian wood market delayed due to Covid-19 pandemic

IKEA plans to enter Indian wood market delayed due to Covid-19 pandemic
IKEA India’s plans to enter in the wood market have been delayed because of the Covid-19 pandemic.    Peter Betzel, MD, IKEA India, had earlier said that IKEA’s parent company, Ingka, was looking at a few investments in manufacturing or raw materials in India. Earlier this year, on the sidelines of a retail event in Mumbai, Betzel had told BusinessLine that it had plans to invest in the wood market in India.    During a recent infraction Per Hornell, Market and Expansion Manager, IKEA India, said that as sustainability remains its ...

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