Business | Friday June 22, 2012
The IKEA group, which sells office and home furniture, proposes to invest Rs 10,500 crore through a 100 per cent subsidiary in single-brand retail trading in India, sources said. IKEA will invest Rs 4,200 cr to open 10 stores in the first stage and the rest will be used to open 15 stores later. Meanwhile, IKEA CEO M Ohlsson met commerce and industr...
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