Home furnishing brand IKEA plans to set up three stores in Uttar Pradesh. Planned to unveil at Lucknow, Agra and Noida, the company is planning to invest about Rs 500 crore in each of these proposed stores. In this regard, IKEA has signed an MoU with the state government, which would facilitate time-bound and easy rollout of the company’s business plans in UP through a single-window system mechanism. The MoU was signed in the presence of UP Chief Minister Akhilesh Yadav and IKEA India Chief Executive Juvenico Maetzu and Country Property Manager Jeff Dolin. Now, signage players that engage in in-shop branding, displays, designs and related activities must roll up their sleeves to tap this yet-to-arrive unmatched business opportunity.
