IKEA India staff to get Rs 1.12 lakh as pension pay-out

IKEA India staff to get Rs 1.12 lakh as pension pay-out

The company said it has put another Rs 737 crore into the pension fundings of its co-workers all over the world.

IKEA seeks relaxation local sourcing norms in India

Swedish home furnishings major IKEA has sought relaxation from the government for five years over mandatory 30 percent local sourcing norms from opening of its first store in India.

Working on sustainable model for sourcing in India: IKEA

Swedish furniture retail giant IKEA Thursday said it is working on a long-term sustainable model for raw material sourcing in India.

India a very important market for us: IKEA

Global home furnishing major IKEA is betting big on India as the next major destination for its global expansion plans.

IKEA plans to ramp up sourcing in India, eye new categories

Swedish furniture retail major IKEA is mulling increasing sourcing of items from India and widening its supplier base in the country.

IKEA India CEO to meet DIPP Secy, to discuss e-commerce

"The meeting between Kant and Maeztu will discuss its 'make more in India' initiative of the company to increase sourcing from India as the company wants to produce maximum products in India," a source said.

IKEA to double sourcing from India by 2020

World's largest furniture retailer Ikea Wednesday announced a new initiative 'Make More in India' as it plans to double its sourcing from the country to about 630 million euro by 2020.

IKEA looks to scale up furniture sourcing from India

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

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

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

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.

Ikea may create new product range for Indian market

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

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

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