Home / Knowledge / News / Textiles / FDI constraints restrain Ikea from setting up shop in India
FDI constraints restrain Ikea from setting up shop in India
Sep '10
Ikea, a home furnishings retail store giant from Sweden intends to set up store operations in India, which is now considered amongst the fastest growing countries in the world.

It urged the Indian government to relax its strict rules to facilitate the company to set up its super-stores in the country, said Mr. Mikael Ohlsson, Chief Executive of the company.

Tough foreign investment rules in India, restrict foreign retail companies to just single-brand outlets and are only permitted in to wholesaling, in a bid to protect local, family-run stores of the country.

Ikea, is recognized for its flat pack stylish furniture and home furnishings, plans to set up more stores in the budding market of China.

It sources around €500 million worth of textiles and other products from India annually and aims to augment this value up to €one billion in next three to four years, added the Chief Executive.

As and when, the home furnishings retailer plans to set up the chain in India, it could supply at least 50 percent of items from its Indian production sources, the way it does in China and Russia.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Cindy McNaull

We have broad range of options in durable fabrics

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search