Scandinavian home products giant IKEA that has stayed away from the Indian retail sector saying it will enter only on its own, is set to announce its plans for the market with the government allowing 100 per cent foreign direct investment in single-brand retail.
According to people familiar with the development, IKEA’s president and CEO Mikael Ohlsson is visiting India this week to “announce strategic initiative for Indian market”.
From: http://ping.fm/YMs3f
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