IKEA in India

IKEA looks at Haryana, Andhra, Maharashtra, K'taka for stores

The company's plan was conveyed by IKEA CEO Mikael Ohlsson, who met Commerce and Industry Minister Anand Sharma here Monday, sources said.

Aug 12, 2013, 17:37 PM IST

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

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.

May 02, 2013, 21:12 PM IST

Decision on IKEA proposal: CCEA meeting postponed

The meeting of Cabinet Committee on Economic Affairs, which was scheduled to consider the Rs 10,500 crore proposal of Swedish furniture major IKEA, did not take place Wednesday due to paucity of time.

May 01, 2013, 09:18 AM IST

'IKEA will not be allowed to sell food items in India'

Global furniture major IKEA will be allowed to run cafes and restaurant within its single brand stores in India but not sell food items, Parliament was informed Monday.

Apr 22, 2013, 15:56 PM IST

FIPB to review IKEA proposal next week

The Finance Ministry will review next week IKEA's big-ticket investment proposal to open cafeterias at proposed retail outlets of the Swedish furniture maker in the country.

Jan 18, 2013, 19:33 PM IST

FinMin to review IKEA's FDI proposal on Monday

The proposal will come up before FIPB on December 31.

Dec 26, 2012, 17:55 PM IST

IKEA's proposal to invest in single-brand retail gets FIPB nod

Government's single-window body to clear foreign investment proposals, FIPB, Tuesday cleared Swedish furniture major IKEA's Rs 10,500-crore project, the largest FDI in single-brand retail so far.

Nov 20, 2012, 17:58 PM IST

IKEA proposal approved by Commerce Ministry: Anand Sharma

Specifically referring to IKEA's proposal, Sharma said, it has been "approved by us, now it is with the FIPB."

Nov 18, 2012, 19:11 PM IST

FinMin likely to take up IKEA's Rs 10,500cr proposal on Nov 20

The Finance Ministry said the next meeting is scheduled for November 20. It, however, said "agenda for the meeting will follow".

Oct 30, 2012, 21:03 PM IST

No resale of old collected furniture, IKEA assures Govt

"It is clarified that no old furniture/products collected will be sold from the IKEA retail stores or sold by IKEA Group for profits," it said.

Oct 14, 2012, 12:09 PM IST

Indian government has not asked us to re-apply: IKEA

In June, IKEA had applied to the government with its plans to invest 1.5 billion euro (Rs 10,500 crore) in India to set up 25 stores.

Sep 20, 2012, 14:35 PM IST

'IKEA investment plans shows strong eco fundamentals of India'

On June 22, IKEA has approached the government with a proposal to invest 1.5 billion euros (Rs 10,500 crore) to set up 25 retail stores in the country.

Jun 25, 2012, 22:37 PM IST

Ikea asks govt for relaxation of sourcing norms

It has also proposed that the calculation of the 30 percent norm be done for cumulative periods of 10 years of operations starting with the approval of the present application.

Jun 24, 2012, 19:04 PM IST

Mandatory sourcing clause a challenge in long term: IKEA

IKEA currently works with close to 70 suppliers and 1450 sub-suppliers, including many small industries in India.

Jun 22, 2012, 21:04 PM IST

Ikea plans to invest Rs 10,500 cr to set up 25 stores in India

This would be the largest investment in the single-brand retailing ever since the government has allowed foreign investment in this sector.

Jun 22, 2012, 18:12 PM IST

30% sourcing clause difficult to live up to: IKEA

The Group has operations in 41 countries with 29 trading service offices in 25 countries.

Jan 23, 2012, 16:35 PM IST