IKEA to Debut in India

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IKEA to Debut in India
June 27, 2012

Deft, Netherlands-based IKEA plans to invest $1.9 billion to open up 25 stores in India, according to the Associated Press. The company will open the new stores?its first-ever to open in the country?through a wholly owned subsidiary. Following India?s regulations for foreign companies, IKEA will source at least 30 percent of its products from small Indian industries and artisans. The retailer already has 70 suppliers and 1,450 sub-suppliers in India, which include many small industries.

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