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Looking forward to rollout of national retail policy: IKEA

In its Budget wishlist, IKEA India also called for reduction of GST rates "on products that are basic to life at home” and lowering of customs duties on good quality furniture and home products.

January 14, 2022 / 07:08 PM IST

Swedish furniture and home furnishing retailer IKEA on Friday said it is looking forward to the rollout of India’s national retail policy, bringing offline and online retail into a single policy framework and reducing the compliance burden.

In its Budget wishlist, IKEA India also called for reduction of GST rates "on products that are basic to life at home” and lowering of customs duties on good quality furniture and home products.

"The economic impact of the pandemic on the income of people in India must not be underestimated. To stimulate demand, it is important that money is increased in the hands of people and products remain affordable,” IKEA India CFO Preet Dhupar said in a statement.

As a result of the pandemic, she said, "We also see life at home take an increasing significance as hybrid work models will continue to emerge in the future.”