IKEA in talks with several states to source wood

Business News, National (Hyderabad), August 30:- Swedish furniture major IKEA said it is in talks with a number of state governments for sourcing wood for furniture even as it is setting up a large facility in Pune for stocking goods.
The states include Telangana, Karnataka, Maharashtra and north eastern states.
“Today raw material is a biggest challenge for furniture in India. Wood (procurement) is a bit challenge. We are working with the state governments here (Telangana), Karnataka, Maharashtra and in Northeast to see how the government can help to find the wood,” deputy country manager of Ikea India, Patrik Antoni, said in a press conference.
As per the commitment the firm has made to the Centre, by 2022 as much as 30 per cent of their products they sell in India will be sourced locally.
“We are setting up large facility in Pune which will be our distribution centre. By November the warehouse in Pune will be ready. It is a rented facility. We will have a 10,000 sq mts facility where we will stock the products,” he said.
Ikea is currently exporting goods worth euro 325 million from India, of which 70 per cent constitutes textiles.

-(NAV, Inputs: Agencies)

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