UP Govt lays foundation for IKEA store in Noida

The Uttar Pradesh Government, under the visionary leadership of Chief Minister Shri Yogi Adityanath, has taken a significant step towards economic development with the virtual foundation-laying ceremony of the new IKEA store in Noida.

The project, part of a larger investment by the INKA Group worth ₹5,500 crore, is expected to generate employment opportunities for more than 9,000 people.

With this initiative, Uttar Pradesh continues to strengthen its position as a hub for global investors. Over the past seven years, CM Yogi Adityanath has led the state through remarkable economic reforms, creating an environment that fosters business growth and invites global partnerships.

The IKEA store will not only provide a retail space but also house offices, a hotel, and a shopping center, adding further value to the project.

This investment is a testament to the state's robust legal infrastructure and ease of doing business, which have made Uttar Pradesh a top destination for both national and international investors. The economic impact of this project is significant, as it will contribute 9.2% to the state’s GDP and open doors to further industrial development.

UP, under CM Yogi Adityanath's leadership, is on a fast track towards becoming a major economic powerhouse, ensuring job creation and boosting the state’s industrial growth. This development reflects the state's commitment to modern urban infrastructure and a brighter future for its youth.

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