Ikea India plans Rs. 3000 crore expansion with increased local sourcing
News: According to Businessline, Ikea India is planning to invest Rs. 3000 crore in the coming years and also aiming to increase its local sourcing from 27% to 50%
Views: Shaily Engineering is one of the key suppliers to Swedish furnishing major (SWM) since 2004. The company has added 30 SKUs in FY21 for SWM’s global requirements. Shaily has also outlined Rs. 200 crore expansion plans for the next two years. We believe, SWM’s expansion plans and increased local sourcing will open up increased business opportunity for Shaily Engineering in the coming future
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