Ikea promises up to Rs 2,000cr investments for West Bengal

Press Trust of India  |  Kolkata 

Swedish Group has written to Chief Minister seeking appointment next month to discuss multi-crore investment plans for the state.

In a letter to Banerjee, a of the company has promised an investment of Rs 1,000 crore for each store that will open in the state.

and the company's and country public affairs manager have sought appointment with Banerjee in this connection.

"This is a big news," Banerjee told reporters at the secretariat.

"is one of the key markets in Ikea's plans in and we would like to start working in your state for establishing Ikea's expansion plans. Each store in your state will be an investment of Rs 1,000 crore and generating employment of 800 directly and 1,200 jobs indirectly," Ikea's letter to Banerjee read.

"The store will be built over 4,00,000 square lakh feet of area. We see as a market for 1-2 stores and touch points, which means investment of more than Rs 2000 cores," it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 26 2018. 22:45 IST