Category Archives: Investment

Another breakthrough for European retailers in Indian market

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Swedish giant retailer Ikea has signed a deal to open up to 25 stores in India. The protected Indian retail market is notoriously difficult to access because of laws protecting domestic smaller retailers. The deal involves Ikea sourcing as much as 30% of its purchases locally. It’s still unclear whether the famous Swedish meatballs will be made in India for the Indian stores, or indeed whether vegetarian balls will be sold in lieu of meatballs in this nation where the majority consider themselves to be vegetarians.

http://www.dw.de/dw/article/0,,16155573,00.html

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