IKEA has taken another key step towards establishing itself in India. Foreign Investment Promotion Board (FIPB) has, approved the company’s investment proposal to establish single-brand retail stores in India. FIPB has forwarded the proposal to the Cabinet Committee on Economic Affairs (CCEA) for consideration and final approval. IKEA, is the leading Swedish furniture maker,…
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IKEA plans to invest Rs 10,500 cr to set up 25 stores in India
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Sweden’s IKEA, the worlds largest furniture maker, plans to invest invest Rs 10,500 crore for setting up of 25 stores in single-brand retail in the country. IKEA already has a strong presence across the globe with their stores in more than 38 countries. Of these 287 stores in 26 countries belong to the IKEA Group.