Furniture major IKEA , which recently got approval to set up retail stores in India belongs to ___?

Furniture major IKEA , which recently got approval to set up retail stores in India belongs to ___?
[A]Germany
[B]Sweden
[C]Italy
[D]France

Sweden
The Foreign Investment Promotion Board (FIPB) cleared the Rs.10,000-crore investment proposal of Swedish furniture major IKEA to set up retail stores in the country with cafeterias. The FIPB, the nodal agency for approving FDI proposal, had earlier permitted IKEA to invest Rs.4,200 crore for opening single-brand retail stores. With this approval, IKEA would be able to open cafeterias in their stores.

Advertisement

This question "Furniture major IKEA , which recently got approval to set up retail stores in India belongs to ___?" was published on GKToday on December 3, 2014 at 11:48 am. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

Comments