IKEA keen to set up venture in Haryana CHANDIGARH: Swedish retailer IKEA on Friday said it is keen to set up its stores of home furnishing in Haryana with state government today offering its full support to the company for setting up its venture. During a meeting with Haryana Chief Minister Bhupinder Singh Hooda here, IKEA Services India CEO Juvenicio Maeztu said the company is keen to establish stores of big volume products of home furnishing in Haryana. "The company wants to concentrate on fewer states in India and Haryana is among one of them," an official release quoting Maeztu said here. IKEA designs and sells ready to assemble furniture such as beds, chairs, and desks. At present, the company is dealing with the home furnishing appliances but in the near future it will also explore the possibilities in the textile retail business also, Maeztu said. The CEO urged Chief Minister Bhupinder Singh Hooda to provide adequate land preferably in the National Capital Region (NCR) to set up its venture including retail, factory and warehouse, saying that NCR being close the National Capital has better connectivity to highways and easy access to metro service. While offering full support to IKEA for setting up its venture in Haryana, Chief Minister Bhupinder Singh Hooda Hooda said out of the five National Highways connected to Delhi, four passes through Haryana. Apart from this, 44.8 per cent of the NCR falls in Haryana. Hooda in the meeting said that Haryana was the first state to support foreign direct investment (FDI) and it had become the first choice of various multinational companies to set up their ventures owing to its industrial-friendly policies. He said the urban growth rate of the state is highest in the country.
Posted on: Sat, 31 Aug 2013 03:04:37 +0000
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