IKEA, the global home furnishings leader, announced a new initiative – Make More in India which is aimed at potential suppliers and to expand IKEA’s supplier base as well as the categories of home furnishing products sourced in India.
About the new initiative, Mr. Sandeep Sanan, head of sourcing, IKEA South Asia said, “We believe there is tremendous potential in India. We are looking for new suppliers who share our vision and values, willing to grow with us and become world class suppliers. We hope many suppliers will come from other segments who are looking to diversify their business.” IKEA today has 48 suppliers in India with 45,000 direct employees and about 400,000 people in its extended supply chain.
As part of the ‘Make More in India’ initiative, IKEA India will conduct two seminars – one in Mumbai on January 16 and other in Bengaluru on January 23, where more than 100 new potential suppliers are likely to participate. The seminars will focus on enrolling new suppliers in existing categories like textiles and rugs; as well as for new home furnishing categories.
Mr. Sanan said, “IKEA is committed to responsible sourcing, and our history of developing successful supplier relationships in India means that IKEA is well positioned, not just to ‘Make in India’ for India, but to ‘Make More in India’ for IKEA worldwide. This gives the current and future new suppliers in India a much bigger market to aspire for. Our suppliers are our strategic long term partners, and we are happy to share knowledge and technologies as we want them to grow with us.”
IKEA is present in India for the last 27 years, sourcing for its stores around the world. In India, IKEA currently has 48 suppliers with about 45,000 direct employees and about 400,000 in the extended supply chain. The IKEA Group is the first major single brand retailer to get FDI approval and plans to open several stores in Delhi/NCR, Hyderabad, Karnataka and Maharashtra.
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