IKEA plans invest Rs 10,500 crore to set up 25 stores in India

Published: June 25, 2012

imageSwedish IKEA, the world’s largest furniture manufacturer, has plans to invest about Rs 10,500 crore to establish 25 stores in single-brand retail in India. This will be the biggest investment in the single-brand retailing since the government allowed FDI in the sector.

  • The government declared that 100 % FDI in single-brand retail is enabling global brands to achieve full ownership of their operations in India.

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