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IKEA parent Ingka Group’s investment arm starts India renewable energy push

VCCircle · 10m

Ingka Investments, the investment arm of IKEA's parent company, Ingka Group, is reportedly planning to invest in renewable energy projects in India. The move comes as part of the company's efforts to generate captive renewable energy capacity in the country. Ingka Group, which operates most of the IKEA stores worldwide, has been focusing on sustainability initiatives, and this investment in India aligns with its commitment to renewable energy.