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Sourcing norms

`Sourcing norms not for global ops`

IKEA already sources products worth 1 billion euros from India and mainly from handloom and carpet clusters.

Aug 15, 2013, 13:03 PM IST

IKEA needs to submit revised application for opening stores

Swedish home furnishing major IKEA will have to revise its application and reapply to the government for opening stores in India after the relaxation of mandatory sourcing norms for FDI in single brand retail, an senior official said.

Sep 18, 2012, 14:28 PM IST

Sourcing norm should not be a problem for IKEA: Sharma

The government will make "clarifications" in the policy for FDI in single-brand retail if needed but meeting the 30 percent sourcing norm should not be a problem for IKEA, Commerce and Industry Minister Anand Sharma on Thursday said.

Jul 12, 2012, 19:55 PM IST