FIPB recommends IKEA investment for cabinet approval

After clearing the IKEA’s Rs 10,500 crore FDI proposal, the Finance Ministry  on Wednesday said it has now forwarded the investment plans of Swedish furniture major to set up single brand retail stores to the Cabinet Committee on Economic Affairs (CCEA) for final approval. “One proposal (of) M/s Ingka Holding Overseas B.V., amounting to Rs 10,500 […]

No dilution of permission granted to Ikea: Mayaram

The Finance Ministry today said there is no dilution of the permission granted to the Swedish furniture major Ikea to set up its business here, as the Rs 10,500 crore investment proposal is limited to only single brand retailing. “It is an incorrect understanding of the approval which has been given to Ikea. It’s a […]

FinMin to notify soon norms for investment in Pakistan

The Finance Ministry is expected to notify shortly guidelines for allowing outward investment by Indian companies and individuals through the semi-automatic route in Pakistan. This will open up bilateral investment channels and give a boost to trade, Commerce Secretary S. R. Rao and Joint Secretary in the Commerce Ministry Arvind Mehta said here on Wednesday. […]