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IKEA looks to scale up furniture sourcing from India

Last Updated: Thursday, November 28, 2013, 17:20

Swedish furniture chain IKEA, which is in the process of establishing its first shop in India, is looking to scale up sourcing of furniture from the country and also plans to procure bigger items for its global operations.

IKEA evinces interest in setting up shop in UP

Last Updated: Thursday, October 24, 2013, 12:32

During meeting it was informed that IKEA planned to establish its stores in four states and UP was high on their priority.

No dilution of permission granted to Ikea: FinMin

Last Updated: Saturday, November 24, 2012, 17:54

Earlier this week, the Foreign Investment Promotion Board (FIPB) had reportedly halved the product range that Ikea listed out at 30 items.

FinMin to decide on IKEA's FDI proposal on Tuesday

Last Updated: Monday, November 19, 2012, 19:16

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

FIPB to decide on IKEA's Rs 10,500-crore proposal next month

Last Updated: Wednesday, October 24, 2012, 17:31

The Finance Ministry is expected to take a decision next month on Swedish home furnishing major IKEA's proposal to invest Rs 10,500 crore to set up single- brand retail stores in the country.

Ikea may create new product range for Indian market

Last Updated: Thursday, October 11, 2012, 00:06

The Swedish home decor firm, the world's largest furniture maker, in June announced 1.5 billion euros (Rs 10,500 crore) investment in India.

IKEA files final application for opening stores in India

Last Updated: Monday, October 08, 2012, 20:24

This was one of the major issues raised by IKEA while approaching the government in June this year with its plans to invest 1.5 billion euro (Rs 10,500 crore) in India to set up 25 stores.

Opening of store in India subject to full govt approval: IKEA

Last Updated: Sunday, September 16, 2012, 17:24

The company had earlier said that "the conditions applied to local sourcing from SMEs might be difficult for it to live up to".

Not consulted on single brand IKEA FDI move: MSME Ministry

Last Updated: Tuesday, August 07, 2012, 17:09

Global single brand retailers like IKEA may find it tough to get easing of norms for compulsory sourcing from the Indian tiny and small units, with the Ministry of MSME strongly opposing the move of the Commerce and Industry Ministry.