{"id":2465,"date":"2013-05-25T08:33:16","date_gmt":"2013-05-25T08:33:16","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=2465"},"modified":"2013-05-25T08:56:01","modified_gmt":"2013-05-25T08:56:01","slug":"govt-clears-ikeas-rs-10500-cr-single-brand-fdi-proposal","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/govt-clears-ikeas-rs-10500-cr-single-brand-fdi-proposal\/","title":{"rendered":"Govt clears IKEA&#8217;s Rs 10,500 cr single-brand FDI proposal"},"content":{"rendered":"<p><a href=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2013\/05\/images-2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2013\/05\/images-2.jpg\" alt=\"\" title=\"images (2)\" width=\"259\" height=\"194\" class=\"alignleft size-full wp-image-2466\" \/><\/a><\/p>\n<p>The government has allowed Swedish furniture major IKEA to invest Rs 10,500 crore \u2014 the biggest ever FDI proposal in single brand retail \u2014 for setting up home furnishing stores in the country. \u201cWhatever proposal of IKEA was there has been cleared,\u201d Information and Broadcasting Minister Manish Tewari said after the proposal was cleared by the Cabinet Committee on Economic Affairs.<br \/>\n\u201cThis is a big step in our journey to open IKEA stores in India,\u201d IKEA India CEO Juvencio Maeztu said. The firm has proposed setting up 10 furnishing stores as well as allied infrastructure in over 10 years in India by investing Rs 10,500 crore.<br \/>\nSubsequently, it plans to open 15 more stores.<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fgovt-clears-ikeas-rs-10500-cr-single-brand-fdi-proposal%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"excerpt":{"rendered":"<p>The government has allowed Swedish furniture major IKEA to invest Rs 10,500 crore \u2014 the biggest ever FDI proposal in single brand retail \u2014 for setting up home furnishing stores&#8230; <a class=\"meta-more\" href=\"https:\/\/www.franchisemart.in\/franchise\/govt-clears-ikeas-rs-10500-cr-single-brand-fdi-proposal\/\">Read more <span class=\"meta-nav\">&raquo;<\/span><\/a><\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fgovt-clears-ikeas-rs-10500-cr-single-brand-fdi-proposal%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2465","post","type-post","status-publish","format-standard","hentry","category-news","entry"],"_links":{"self":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/2465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/comments?post=2465"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/2465\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/media?parent=2465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/categories?post=2465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/tags?post=2465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}