IKEA may not be able to sell half its products in India

November 23, 2012 11:46

In a move that may upset IKEA's investment plans in the country, the government has struck down half of the products that the Swedish furniture major proposed to sell in the country while clearing its Rs 10,500-crore investment proposal.
The Foreign Investment Promotion Board, the nodal agency that clears foreign investments into the country, has said no to 15 out of 29 product categories that IKEA proposed to sell through its stores. Read

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