Sweden-based IKEA, the world’s largest furniture maker, will invest around $1.9 billion (Rs10,500 crore) in opening 25 retail stores in India, Commerce and Industry Minister Anand Sharma said on Friday. IKEA’s chief executive officer Mikael Ohlsson confirmed the investment during his meeting with Anand Sharma in St. Petersburg, according to an official statement released after the meeting. The company plans to invest 600 million euro (Rs4,200 crore) in the first stage and an additional 900 million euro (Rs.6,300 crore) later, taking total investment to 1.5 billion euro ($1.88 billion or Rs10, 500 crore).
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor