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IKEA Says It Is Ready To Give India a Try
Keywords:
IKEA's plans announced in June 2012 for opening 25 stores in India with an investment of $1.9 billion. IKEA says it will meet the requirement that 30% of its products be sourced from small scale local industries, as it plans to increase its purchases in India from $450 million currently to $1 billion in a few years. It said the government should be flexible in its defining of small-enterprises. For India the entry of large scale retailers will help modernize its supplier base in a number of areas. India's current account deficit has increased to 4% of GDP making it important to send a strong positive signal to foreign investors.
IKEA and plans to open 25 stores and invest $1.9 billion in India
09/20/2010
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Skidding Rupee Endangers India's Slowing Economy
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Singh Appeals to India to Support His Measures
New York Times 09/21/2012
Wall Street Journal 10/09/2012
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Wall Street Journal 10/08/2012
IKEA moves forward with plans to open 25 stores and replicate its China success in India
01/24/2012
Linked Articles
IKEA Says It Is Ready To Give India a Try
Wall Street Journal 06/25/2012
IKEA Remains Wary of Entering India
Wall Street Journal 01/24/2012
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