Wednesday, September 29, 2010

Will India get an IKEA?

http://www.bbc.co.uk/news/business-11381721

IKEA buys many of its products from Indian producers and plans to double its spending on products from India over the next three years. IKEA also wants to open retail stores in India but has been blocked by the Indian government’s strict foreign investment regulations. IKEA is lobbying for the policy change and also engaged with Unicef to invest $163 million on development programs.

- Jen Rice

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