Should Your Business Expand Into India?

You may have read our recent post about India as a potential destination for businesses considering expanding overseas. If not, you can read it here.

And who should make front page news this week by setting up business in India? None other than global brand and the world's largest furniture retailer, IKEA.

The Hyderabad store is IKEA's first opening in India, followed by plans to open shops in all major cities over the coming years, with sites already purchased in Mumbai, Bangalore and New Delhi.

IKEA's global chief executive Jesper Brodin said, "The market of India for us is a dream."

India: Business Expansion Destination?

India: Business Expansion Destination?

India is fast becoming an attractive destination for foreign investments.

The Indian Government has taken huge steps to ease the regulatory environment for foreign investment, catapulting India into the position of one of the fastest-growing economies in the world.

It has been ranked among the top attractive destinations for inbound investments in the world, according to Ernst and Young.

So, what has India got that is so attractive to foreign businesses?