IKEA plans to open cafes at stores
The Swedish furniture retailer has sought review of its application.December 24, 2012 | comments ( 0 ) |
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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