Coming soon to India: Swedish furniture retailer IKEA

July 10, 2014 08:30

Swedish furniture retailer IKEA is expected to open its first outlet in India at Hyderabad and the Telangana government has promised to fast-track all necessary clearances as the new state seeks to attract investments.

After a meeting with top IKEA executives, Chief Minister K Chandrashekar Rao was quoted as saying all necessary clearances will be given through a single window to expedite the process of opening the store in the city.

A high-level team from the company represented by Juvenico Maeztu, Ikea Indian arm Chief Executive Officer, and Preet Dhupar, Chief Financial Officer, met Rao at Secretariat in Hyderabad yesterday, a state government press release said.

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