World-renowned Swedish company IKEA will open stores in Noida, investing over Rs 5000 crore in UP

IKEA Store (Photo Credit - IKEA Website)

IKEA Store (Photo Credit – IKEA Website)

Lucknow News: IKEA (IKEA), a world-renowned company producing domestic products, is going to open its store in Noida. Thousands are expected to get employment in UP from this store.

  • News18No
  • Last Updated:February 19, 2021, 11:29 AM IS

Lucknow. Yogi Government, which is constantly trying to invest in Uttar Pradesh, has got another success. World-renowned Swedish company IKEA (IKEA), which manufactures household products, is going to open a store in Noida (IKEA Store in NOIDA). In this regard, an MoU was signed between Yogi Sarkar and IKEA today. According to the information, IKEA will invest five and a half thousand crores in Noida. She will buy 850 crores of land from the UP government. UP will get a revenue of 56 crores in stamp duty only from the sale of this land.

On this occasion, CM Yogi said that Noida, Greater Noida and Yamuna Authority area is the most promising area of ​​investment in India. The world’s best investment proposals are constantly coming to us. Today, on the occasion of land transfer and lease deed exchange ceremony between Noida and IKEA, I heartily congratulate and congratulate both the institutions. I am happy that IKEA is going to materialize the investment in Noida, the most important place in the country.

CM said that within the state, we can not only take strong steps towards the establishment of investment-oriented and employment-oriented enterprises, but also attract more and more foreign direct investment; Huh. IKEA is an international institution by itself. She has also mastered all the social schemes related to women empowerment and child development. I am happy that with an investment of about Rs. 5,500 crores, action related to land transfer at a cost of about Rs. 850 crores will also increase the possibilities of direct and in-direct employment in the state.

CM Yogi convinced the company to investCM Yogi said that IKEA will not only undertake the construction of shopping malls, offices, hotels, retail outlets etc. for the common man in a time-bound manner, but in the coming time, it will also contribute in furthering the possibilities of investment in other cities of the state. Will give I assure the IKEA officials once again that this investment will be a golden opportunity for you, as it is happening in an area where the proceedings of Asia’s largest airport, Jewar International Green Field Airport, are proceeding. Before this, IKEA has opened its stores in Hyderabad and Navi Mumbai.

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