World Economic Forum meet: IKEA to open store in Bengaluru in June
- Bengaluru might get an IKEA store in Nagasandra in June this year. Karnataka Chief Minister Basavaraj Bommai is said to have met the CEO of Ingka, the parent of IKEA at the World Economic Forum meet in Davos, Switzerland.
Bengaluru might soon get an IKEA store in June this year. Swedish furniture retailer IKEA would open its flagship store in Bengaluru in June. CEO of Ingka Group, of which IKEA is a part, Jesper Brodin on Wednesday met Karnataka Chief Minister Basavaraj Bommai at the World Economic Forum Meet in Davos, Switzerland, and held discussions in the backdrop of the store-opening.
The IKEA store (furniture) is set to be inaugurated at Nagasandra, here, in June and Brodin invited Bommai to the event, the Chief Minister's office said in a statement.
The India head office of IKEA is in Bengaluru and issues related to extensive use of bamboo and other locally available raw materials in making of furniture came up for discussion during the meeting, it said. Industries Minister Murugesh Nirani, IT, BT Minister C N Ashwath Narayan, Additional Chief Secretary in the Department of Industries E V Ramana Reddy, Chief Minister's Principal Secretary N Manjunath and Commissioner in the Department of Industries Gunjan Krishna were present.
The company had earlier said the store in Bengaluru would be IKEA’s third in the country after Mumbai and Hyderabad. The Bengaluru store is spread over five lakh sqft, and would employ 800-1000 direct workers and another 1,500 indirectly providing services such as assembly and delivery, it had said, adding that the IKEA-Bengaluru store is expected to attract more than 70 lakh visitors a year.
Also, Bommai suggested Axis Bank to take up upgradation of some of the engineering colleges and universities in the State under its corporate social responsibility(CSR) programmes. He met Managing Director and CEO of Axis Bank Amitabh Chaudhry in Davos and held talks on investment opportunities in Karnataka.
Stating that there are ample opportunities for Axis Bank to take up various projects in association with the State government, Bommai suggested the Bank chief to take up upgradation of some engineering colleges and universities in the state under the bank's CSR programmes. Axis Bank is India's third largest bank in the private sector.
The bank is providing financial services for small, medium and large businesses, farmers and small businessmen. It has over 4000 branches in India. It has branches in Singapore, Hong Kong, Dubai, and many other countries. The Chief Minister, who met the head of Nokia, suggested making good use of the opportunities in Karnataka for the manufacture of telecommunication products.
Nokia has its biggest research centre in Bengaluru with over 7,000 technocrats engaged in research related to 5G, advanced 5G and 6G technologies. Bommai also held talks with top honchos of PayPay. Heads of major multinational corporations and prominent non-resident Indian entrepreneurs participated in the breakfast meeting hosted by the Chief Minister on the sidelines of the World Economic Forum Meet being held in Davos.
Founder of Indiaspora in the USA, M R Rangaswami, Chairman of Indorama Corporation in Singapore Prakash Lohia, Managing Director of Hitachi Japan Bharat Kaul, Chairman of VPS Healthcare in UAE Shamsheer Valayil, were among those who attended the meeting.
While the LG appreciated the work done at Indraprastha and Pul Prahladpur, he was displeased at the drainage system at Minto Bridge, flagging “technical flaws” in the drainage system and warned that engineers concerned “will be held responsible and strict action will be taken in the event of waterlogging at the site.”
The weather department classifies rainfall between ‘trace’ and 2.4 mm as ‘very light rainfall’, as ‘light rainfall’ when it is between 2.5 mm and 15.5 mm, as ‘moderate’ rainfall when it is between 15.6 mm and 64.4 mm and as ‘heavy’ when it is over 64.5 mm in a single day.
The 1.2km-long one-way underpass, which is now open for regular traffic, begins near Sri Venkateswara College and goes beneath the South Campus Metro Station on to the Ring Road. One of its arms opens on to San Martin Road and the other on to Ring Road towards Moti Bagh, officials said.
This venerable stone gateway originally signposted the way to the aforementioned pilgrim town. One of the 14 Mughal-era gateways to punctuate the Walled City’s wall, the graceful Ajmeri Gate today is like a queen without her palace.
Assistant sub-inspector (ASI) Sanjeev Tomar’s quest ended on May 28, when he and members of his team arrested a man named Hari Om for abducting and killing Choudhary. Tomar, 47, now posted with the crime branch, was a constable at the Badarpur police station when the crime took place in 2007.