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Swedish furniture company Ikea has asked the government to develop a “furniture cluster” near the Kandla port in Gujarat, shipping minister Nitin Gadkari told. The company will not set up its own factory in the cluster but provide designs to Indian companies that do, and source products from them.
The Swedish furniture maker, the first foreign company to get permission to set up its own retail chain in India under the new foreign direct investment policy for single brand retail announced in 2012, has been sourcing products from India for almost three decades.
The cluster is likely part of its effort to deepen its engagement with India ahead of the launch of its first store in India in Hyderabad.
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