FacebookTwitterYouTubeInstagramLinkedInWhatsapp

    Karnataka: Investor’s darling

    2018-12-31T12:06:45+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, State Focus: Karnataka, Year|

    Having attracted the most investments in 2016, Karnataka is already a favorite with investors but blessed with rich minerals and abundant skilled manpower, there is still a lot of untapped potential. The year 2016 was a landmark one for Karnataka. As per the Department of Industrial Policy and Promotion (DIPP), during the year the proposed investments in the state saw a massive five-fold jump from Rs 31,668 crore ($4.8bn) in 2015 to Rs 1,54,173 crore ($23bn). It placed the state [...]

    Read More

      Short Takes

      2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, State Focus: Karnataka, Year|

      IKEA to set up in Bengaluru

      Swedish furniture giant IKEA has finalised Bengaluru as the base for its third Indian store after Hyderabad and Mumbai.

      The company has announced plans for 25 stores in India by 2025, with the first set to open in Hyderabad early next year.

      In Bengaluru, the firm has acquired a 14-acre land parcel from the Bangalore Metro Rail Corporation at Nagasandra on Tumkur road. The IKEA store in Bengaluru is expected to have more than 5 million visitors per year and will be connected to the Nagasandra metro station to offer easy access for the customers.

      Karnataka Chief Minister Siddaramaiah said in a statement: “IKEA will bring best business practices, many employment opportunities, infrastructure development and contribute to the growth of the retail sector in the State. IKEA will work as a catalyst in our development plans.”

      IKEA India CEO Juvencio Maeztu added: “Karnataka is a highly strategic and important market for IKEA. Along with retail stores, IKEA’s purchasing team will also grow local sourcing and engage with local artisan and communities in many projects.”

      Read More

        France and Karnataka: A lasting partnership

        2018-12-31T12:00:37+00:00September 19th, 2017|2018/2017, India Investment Journal September Edition, State Focus: Karnataka, Year|

        With its tremendous untapped potential, Karnataka is an appealing locus for French companies. France and India have always been very close. The ties between our two countries have nevertheless been strengthened over the years: whether it be culture, defence, the economy, education, politics or science, our relationship has now grown into a full-scale partnership. While our bilateral trade in goods is expected to come near the $10 billion mark this year (€8.6 billion in 2016), it bears reminding that our [...]

        Read More
        Toggle Sliding Bar Area