Ikea India Investment

IKEA's malls business, one of the world's biggest, said it was building two centres - malls that are anchored by its stores - in Gurugram and NOIDA, two large cities on the periphery of the national capital.

In its bid to push investments and revive growth, the Union Cabinet on Wednesday eased FDI or foreign direct investment norms in four sectors. Allowing 100 per cent foreign investment in coal mining as well as contract manufacturing, the government also removed restrictions that made it difficult for foreign brands to conduct business in the countr...

It seemed all roads led to India's first IKEA store that opened in Hyderabad today. Outside was a huge traffic jam and inside people were lapping up a global shopping experience with a local touch. The Swedish home furnishing giant's debut is the direct outcome of less stringent foreign investment norms in India.

Buoyed by the rapid growth of the retail sector, leading Swedish home furnishings retailer IKEA plans to increase its investments in the country.

Five years, commitment of 30 per cent local sourcing and a planned investment of Rs 10,500 crore is what Swedish furniture retailer Ikea had to make to launch its first store in India. The long-awaited Ikea store opened on Thursday in a 13-acre complex in the heart of HITEC City, Hyderabad. It has not been an easy journey - Ikea India launch was mu...

Iconic Swedish homeware brand IKEA opened its first store in India today, in Hyderabad, five years after it was allowed to invest in the country's single-brand retail sector. Telangana IT minister KT Rama Rao inaugurated the store. The first of the eager shoppers - nearly 200 of them - rushed in through the lobby of the 4 lakh-square feet store as...

World's largest furniture retailer IKEA opened its first store in India today with a massive 400,000-square-foot showroom on the outskirts of Hyderabad. The store houses some 7,500 products of the Swedish brand. IKEA has invested over Rs 10 billion for its India foray and eyes to open stores in all major cities in the country over the next few year...

Swedish retail giant Ikea Group has written to West Bengal Chief Minister Mamata Banerjee seeking appointment next month to discuss multi-crore investment plans for the state.Ikea plans to open up to 2 stores in the state entailing an investment of up to Rs 2,000 crore.

Ikea, the world's largest furniture retailer, is investing Rs 1,500 crore here as part of plans to have 25 stores across India by 2025, and its store in Navi Mumbai is likely to come up within 18 months, an official said.

Commerce Minister Nirmala Sitharaman in an interview to NDTV speaks on the recent reforms in Foreign Direct Investment, announced by the Modi government, which includes relaxation in single brand retail paving way from Apple and IKEA stores in the country. Here are the highlights of the interview:

The move is expected to benefit not only foreign multi-brand retail entities like Amazon and eBay, but also single-brand overseas chains like Adidas, Ikea and Nike.

Swedish companies which are into manufacturing are bullish on India and see the country as a major investment destination as well as an important hub for exports, says a survey.

The company had earlier said that it will invest Rs 10,500 crore in the country to open 25 stores over a decade and has already acquired land in Hyderabad where it is most likely to open its first store.

The company has earmarked Rs 10,500 crore investment for the country to open 25 stores over a decade and has already acquired land in Hyderabad where it is most likely to open its first store.

Around 1,000 jobs will be created per outlet, he said.

IKEA's malls business, one of the world's biggest, said it was building two centres - malls that are anchored by its stores - in Gurugram and NOIDA, two large cities on the periphery of the national capital.

In its bid to push investments and revive growth, the Union Cabinet on Wednesday eased FDI or foreign direct investment norms in four sectors. Allowing 100 per cent foreign investment in coal mining as well as contract manufacturing, the government also removed restrictions that made it difficult for foreign brands to conduct business in the countr...

It seemed all roads led to India's first IKEA store that opened in Hyderabad today. Outside was a huge traffic jam and inside people were lapping up a global shopping experience with a local touch. The Swedish home furnishing giant's debut is the direct outcome of less stringent foreign investment norms in India.

Buoyed by the rapid growth of the retail sector, leading Swedish home furnishings retailer IKEA plans to increase its investments in the country.

Five years, commitment of 30 per cent local sourcing and a planned investment of Rs 10,500 crore is what Swedish furniture retailer Ikea had to make to launch its first store in India. The long-awaited Ikea store opened on Thursday in a 13-acre complex in the heart of HITEC City, Hyderabad. It has not been an easy journey - Ikea India launch was mu...

Iconic Swedish homeware brand IKEA opened its first store in India today, in Hyderabad, five years after it was allowed to invest in the country's single-brand retail sector. Telangana IT minister KT Rama Rao inaugurated the store. The first of the eager shoppers - nearly 200 of them - rushed in through the lobby of the 4 lakh-square feet store as...

World's largest furniture retailer IKEA opened its first store in India today with a massive 400,000-square-foot showroom on the outskirts of Hyderabad. The store houses some 7,500 products of the Swedish brand. IKEA has invested over Rs 10 billion for its India foray and eyes to open stores in all major cities in the country over the next few year...

Swedish retail giant Ikea Group has written to West Bengal Chief Minister Mamata Banerjee seeking appointment next month to discuss multi-crore investment plans for the state.Ikea plans to open up to 2 stores in the state entailing an investment of up to Rs 2,000 crore.

Ikea, the world's largest furniture retailer, is investing Rs 1,500 crore here as part of plans to have 25 stores across India by 2025, and its store in Navi Mumbai is likely to come up within 18 months, an official said.

Commerce Minister Nirmala Sitharaman in an interview to NDTV speaks on the recent reforms in Foreign Direct Investment, announced by the Modi government, which includes relaxation in single brand retail paving way from Apple and IKEA stores in the country. Here are the highlights of the interview:

The move is expected to benefit not only foreign multi-brand retail entities like Amazon and eBay, but also single-brand overseas chains like Adidas, Ikea and Nike.

Swedish companies which are into manufacturing are bullish on India and see the country as a major investment destination as well as an important hub for exports, says a survey.

The company had earlier said that it will invest Rs 10,500 crore in the country to open 25 stores over a decade and has already acquired land in Hyderabad where it is most likely to open its first store.

The company has earmarked Rs 10,500 crore investment for the country to open 25 stores over a decade and has already acquired land in Hyderabad where it is most likely to open its first store.

Around 1,000 jobs will be created per outlet, he said.