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IKEA launches its first experiential centre “IKEA Hej HOME’ in India

IKEA, the Swedish furnishing retailer, has launched its first experiential centre “IKEA Hej (Hello) HOME’ in India at Hyderabad. The Hej Home, designed and set up over a six-month duration, highlights what the retailer stands for and what to expect from an IKEA store. It is an exhibition of IKEA products and solutions which its ..

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Government changes sourcing norms for single-brand retail FDI

In the area of single-brand retail, any firm seeking waiver of the mandatory 30% local sourcing norms would have to establish a manufacturing facility in the country. For new investors, local sourcing was one of the key impediments that had hitched the entry of new investment. Foreign retail chains putting in more than 51% via ..

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

Swedish 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 ..

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