MUMBAI – Swedish retailer IKEA has applied to invest a total of $1.2 billion to open 25 stores in India, India's commerce ministry said Friday. IKEA plans to initially invest €600 million, followed by an additional €900 million to create a wholly owned subsidiary in India. The commerce ministry said...
India considers 100% FDI in Single-Brand Retail
If you are Ikea or Starbucks and you wish to open stores in India, the government currently requires you to find a a local investment partner who would own 49 percent of the India business. Companies ranging from Reebok to McDonalds have entered the India retail market under these terms...
India opens world's largest diamond-trading center
The new location of the Bharat Diamond Bourse extends over 20 acres in Mumbai's Bandra Kurla Complex. The bourse's eight nine-story towers hold 2,500 offices, and the BDB reports that 2,275 have already been allotted to diamond companies, over 900 of which are official bourse members. The total space at...
Government Partners with Indian Industry Competing in Africa
American investors should well be aware of the emerging economies growing rapidly on the continent of Africa. Indian industry has already put into action a collaborative effort with the national government to develop strategies toward competing with China and European nations for capturing these business growth opportunities, particularly in East...