Swedish furniture major IKEA will move its
purchasing office to Bengaluru days after opening its biggest store in India in
the city.
After vowing ₹3,000 crore of investment in
Karnataka and opening India’s largest store in Bengaluru’s Nagasandra, Swedish
furniture retailer IKEA has now decided to shift its purchasing office from
Gurugram to Bengaluru, starting May 1, 2023, news agency PTI reported.
IKEA’s purchasing office sources products
for its global supply chain from India, which it has been doing since the
1970s. The Swedish firm procures its raw materials from industries, including
textiles, mattresses, home accessories, plastic and metal products, in India.
IKEA, while speaking about its brand new store in the Karnataka capital, said
it aims to source around 50 per cent of its products locally.
IKEA’s store in Bengaluru is its fourth in
India and the firm has said it wants its purchasing office to be near the other
entities.
“With expanding business development,
our outlook in India is positive and we want to be in close proximity to other
IKEA entities (like Retail, Global Business Operations) and the many customers.
To capture this opportunity, we are relocating our Gurgaon office to Bangalore
from 1st May 2023,” PTI quoted the company.
The home decor and solutions firm has a
“relocation policy” which is said to facilitate its existing
employees in Gurugram to move to Bengaluru.
“If a co-worker chooses not to move to
Bangalore, we will do our utmost to support them in finding job opportunities
within IKEA such as IKEA retail India or other IKEA units outside India. It
will follow the recruitment process and relocation support as per the
relocation policy. If a co-worker will not be able to find a job within IKEA,
we will support with external job coaching from our career transition service
provider,” IKEA said. Courtesy: www.hindustantimes.com
