Indian state assures support to IKEA for retail stores

02 Sep '13

1 min read

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.

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