IKEA to open its second store in India in Mumbai this year
After foraying into India with its first store in Hyderabad, Swedish furniture giant IKEA will open its second store in Mumbai later this year. IKEA will invest nearly â¹3,000 crore in the next three years to open three warehouses in Mumbai, Bengaluru and Delhi. IKEA said it may raise its higher-end product prices due to hike in customs duty.