IKEA, which opened its first outlet in India in Hyderabad in 2018, has proposed to set up an integrated commercial project in Noida giving direct employment to 1,000 and indirect jobs to another 1,000. The company intends to expand to 40 cities by 2030. Swedish flat-pack furniture major is likely to kick off work at its Noida outlet, touted to be its biggest store in India, in coming weeks and has committed to completing the project by 2025. The company had signed a MoU with UP government in December 2018 for Rs 5,000-crore investment in Noida and other UP cities over next few years. IKEA’s outlet expansion plan is a new business opportunity for the signage companies with their activities involve in in-store signage solutions, branding and such tasks.
