Last Updated: Sunday, May 19, 2013, 11:05
Land acquisition will be a major hurdle for Swedish furniture retailer IKEA to set up its stores in India and it may have to even depend on public auction by government, according to real estate consultants.
Last Updated: Friday, January 18, 2013, 19:33
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.
Last Updated: Wednesday, December 26, 2012, 17:55
The proposal will come up before FIPB on December 31.
Last Updated: Tuesday, November 20, 2012, 17:58
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.
Last Updated: Sunday, November 18, 2012, 19:11
Specifically referring to IKEA's proposal, Sharma said, it has been "approved by us, now it is with the FIPB."
Last Updated: Tuesday, October 30, 2012, 21:03
The Finance Ministry said the next meeting is scheduled for November 20. It, however, said "agenda for the meeting will follow".
Last Updated: Monday, June 25, 2012, 22:37
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.
Last Updated: Sunday, June 24, 2012, 19:04
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.
Last Updated: Friday, June 22, 2012, 21:04
IKEA currently works with close to 70 suppliers and 1450 sub-suppliers, including many small industries in India.
Last Updated: Friday, June 22, 2012, 18:12
This would be the largest investment in the single-brand retailing ever since the government has allowed foreign investment in this sector.
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