When IKEA's CEO & India's industry minister sealed a deal in-principle last year, foreign investors took note.
CCEA approves its Rs 10,500-cr investment in India.
Tweaking its range and showrooms and adding services to accommodate new cultures.
The Euro 25-billion firm can now set up furniture stores in India, along with restaurants and cafes, in line with its global concept.
The company's plan was conveyed by IKEA chief executive officer Mikael Ohlsson, who met Commerce and Industry Minister Anand Sharma in New Delhi on Monday, sources said.
The company is hunting for the right location at the right price in major cities
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