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IKEA hails Govt's nod; to offer affordable goods, up sourcing

Last Updated: Thursday, May 02, 2013, 22:35

Swedish major IKEA Thursday welcomed the government's decision to open its stores in India saying the company will offer home furnishing solutions at an affordable price, besides ramping up sourcing from the country.

IKEA's Rs 10,500 cr FDI proposal gets Cabinet nod

Last Updated: Thursday, May 02, 2013, 21:12

The government Thursday formally allowed Swedish furniture major IKEA to invest Rs 10,500 crore for setting up single brand retail stores to sell mostly home furnishing items.

IKEA official calls on Sharma

Last Updated: Monday, April 29, 2013, 20:51

Earlier in January, Foreign Investment Promotion Board (FIPB) had cleared the investment plan of IKEA to open single-brand retail stores in the country.

CCEA likely to consider IKEA's FDI proposal next week

Last Updated: Friday, April 26, 2013, 13:49

The Cabinet Committee on Economic Affairs is likely to consider the Swedish home furnishings retailer IKEA's Rs 10,500 crore investment proposal next week.

CCEA may consider IKEA's FDI proposal in April first week

Last Updated: Friday, March 22, 2013, 19:38

The Cabinet Committee on Economic Affairs (CCEA) is likely to take up Swedish home furnishings retailer IKEA's Rs 10,500 crore investment proposal for consideration during first week of April.

FIPB seeks more info from IKEA, to take up proposal next week

Last Updated: Monday, December 31, 2012, 09:28

"IKEA's proposal will be taken up next week," Economic Affairs Secretary Arvind Mayaram said after the Foreign Investment Promotion Board (FIPB) reviewed the application..

FinMin to take call on IKEA's FDI proposal Monday

Last Updated: Sunday, December 30, 2012, 12:48

The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, has already allowed IKEA to invest Rs 4,200 crore to undertake single brand retailing of its products.

Finance Ministry to decide on IKEA's FDI proposal today

Last Updated: Tuesday, November 20, 2012, 08:47

IKEA's proposal to set up 25 stores in India is listed on the agenda of Foreign Investment Promotion Board (FIPB), which will meet on Tuesday to consider 27 FDI proposals.