Swedish furniture retailer Ikea has received recommendation from India's foreign investment agency to open outlets in the country, which has recently opened up its retail sector for foreign investment.
Being the first single-brand foreign company to open stores in the country, Ikea plans to open as many as 25 stores with an investment of about $2bn (£1.3bn, €1.5bn) over the next 15 to 20 years. The amount would be the largest committed by a foreign company... (Continue Reading)
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