Business Standard

Ikea foray: Godrej Interio lines up Rs 6 bn investment to expand capacity

Godrej is under the process of launching a new range of steel furniture apart from an under research 'smart mattress'

Godrej Interio
Premium

Photo: Twitter

Virendra Singh Rawat Lucknow
Godrej Interio, the furniture arm of the diversified Godrej Group, has lined up the investment of almost Rs 6 billion to expand its capacity and product portfolio.

Currently, the domestic home furnishing market is pegged at Rs 620 billion, of which the organised sector share is relatively smaller at 15 per cent but growing fast in tune with the rising incomes and ‘decor consciousness’ among the young working population.

“We have already invested close to Rs 4 billion in our plants and another Rs 2 billion would be invested in near future,” company senior vice-president Subodh Mehta told Business Standard.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in