On Friday, the IKEA Group which is the largest furniture retailer has said that a land has been bought by it for building a 400, 000 square foot (37,000 square metre) store in India’s financial capital Mumbai as part of a plan for expanding 25 stores in the country by 2025.

It further said that it expects the Mumbai store to get more than 5 million visitors a year.

The company is also looking for land to set up stores in Bengaluru, Delhi and the NCR region around the capital.

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