New Delhi, June 12 -- Swedish furniture giant IKEA will increase its sourcing from India to 50 per cent of its global operations, up from the current 30 per cent, announced Benjamin Dausa, Sweden's Minister for International Development Cooperation and Foreign Trade, on Wednesday.

This move highlights the growing importance of India in global supply chains.

Speaking at a joint industry session organized by the Confederation of Indian Industry (CII) and the Confederation of Swedish Enterprises in Stockholm, Dausa emphasised the potential of India as a "trusted manufacturing partner."

He noted that in today's unstable global environment, India and the European Union have the chance to become resilient and complementary trade partners.

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