IKEA has invested nearly Rs 1,000 crore during the last 2 years in the creation of infrastructure, including land and distribution centres in India, preceding the opening of their first store in the area in 2018. The investment is nearly 10% of its Rs 10,500-crore investment proposal that was cleared by the Foreign Investment Promotion Board to open 25 stores — each large enough to fit about four football fields — in the country by 2025, according to The Economic Times of India. The largest furniture retailer ...
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