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IKEA plans to open cafes at stores

The Swedish furniture retailer has sought review of its application.

Tags: IKEA, furniture retailer, FIPB, DIPP, single-brand retail

December 24, 2012  |  comments ( 0 )  | 
IKEA plans to open cafes at stores

IKEA, the Swedish furniture retailer, has approached Foreign Investment Promotion Board (FIPB) seeking review of its application posted previously in order to allow it to open cafes at the proposed single-brand retail stores in India.

It was on November 20 that FIPB had approved IKEA's proposal of Rs 10,500 crore investments in India to open single-brand retail stores.

The Department of Industrial Policy and Promotion (DIPP) has forwarded the review application along with its comments, and the FIPB will take up the final proposal.

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