Government is likely to clear IKEA’s proposal to open cafeterias at its proposed mega retail outlets when the Foreign Investment Promotion Board (FIPB) reviews the Swedish furniture major’s request today.
The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, has already allowed IKEA to invest Rs 4,200 crore to undertake single brand retailing of its products.
Following a representation from the Swedish firm, the Department of Industrial Policy and Promotion (DIPP) had recently forwarded a request to FIPB for reviewing its November 20 decision giving only part approval to IKEA’s plan.
“Review the request of DIPP” regarding IKEA is on the FIPB agenda, sources said.
Batting for IKEA’s proposal, Commerce and Industry Minister Anand Sharma had recently said that government has taken a favourable view on IKEA’s request.
Published 30 December 2012, 16:06 IST