Thursday, June 11, 2009

IKEA not to enter Indian Retail space

Ikea which was planning to open stores in Mumbai and Delhi, has decided not to enter India due to unfavourable government policies. There was a keen interest on Ikea's part to enter the Indian Retail market. However Ikea does not want to take on an Indian partner and would like to open stores on it's own. Clarity is still awaited on FDI regulations - whether they will be relaxed or not and many retailers like Ikea are waiting on the bench to enter the market once FDI opens up.

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