IKEA's retail operator to invest 500 mn euros to open city centre in Noida.

Ingka Centres, part of IKEA’S retail operator Ingka Group, recently said it will invest another €500 million in Noida as it plans to develop its next meeting place.

“The planned investment so far is around €500 million (in the Noida meeting place project). It’s a large project that will be finalised. The decision will hopefully be taken within six months,” Jan Kristensson, global expansion and development director at Ingka Centres, told Business Standard in an interview.

BS