IKEA's prospects brighten in India

12/26/2012 | Wall Street Journal, The

IKEA's plans to open stores in India took another step forward when a key minister indicated the Swedish furniture giant would likely win approval of its $2 billion proposal. The approval may come without conditions proposed by the Foreign Investment Promotion Board that would have limited what the retailer would be able to sell, said Trade Minister Anand Sharma.

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Wall Street Journal, The

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