India clears the way for IKEA to start opening stores

05/2/2013 | Wall Street Journal, The

India's Cabinet Committee on Economic Affairs on Thursday approved IKEA's application to invest $1.95 billion to open 25 stores in the country, the final approval needed by the Swedish retailer. The plan is the biggest proposed by a foreign retailer since India's government changed its rules last year to allow single-brand retailers to own 100% of their operations.

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Wall Street Journal, The

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