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Furniture major IKEA top brass meets Prabhu as company eyes Indian mkt

The Swedish company earlier said it will recruit about 800 people for the store which will come up in Hyderabad

Press Trust of India  |  New Delhi 

Ikea

Representatives from Swedish today Commerce & Industry Minister Suresh Prabhu here, as the company looks to ramp up its presence in

However, IKEA has not sought any relaxation in local sourcing norms from the Union Government, and is confident that by 2022, 30 per cent of the products it sells in will be sourced locally.


"We are positive about the change that happened over a year ago (on local sourcing norms) when it moved from first investment/first store opening to five years of first store opening," Patrik Antoni, Deputy Country Manager, IKEA India, told PTI after meeting the minister.

The company is set to open its flagship store in by next year, and is in talks with Telangana, Karnataka, for sourcing wood for furniture.

The Swedish company earlier said it will recruit about 800 people for the store which will come up in

First Published: Mon, December 04 2017. 17:15 IST
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