Home / Knowledge / News / Textiles / Indian state assures support to IKEA for retail stores
Indian state assures support to IKEA for retail stores
02
Sep '13
The government of the north Indian state of Haryana has assured its full support to Swedish home furnishing retailer IKEA for setting up its stores in the state.
 
During a meeting with IKEA Services India CEO Juvenicio Maeztu, Haryana Chief Minister Bhupinder Singh Hooda said his government would extend full support to the company for setting up retail stores in the state.
 
Mr. Maeztu said IKEA is keen on setting up home furnishing stores in Haryana, which is one of the few states that the company is currently concentrating on, according to a statement.
 
He added that IKEA currently deals with home furnishing appliances, but the company would also explore venturing into textile retail business in near future.
 
He urged the Chief Minister to provide adequate land for setting up its venture in Haryana, preferably in the National Capital Region (NCR). In addition to retail stores, the company would also set up a factory and warehouse, Mr. Maeztu said.
 
Mr. Hooda said Haryana was the first state to support the Central Government’s foreign direct investment (FDI) policy, and due to its industry-friendly policies, the state has become the first choice of several multinational companies for setting up their ventures.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search