With a motto of “Ease of Doing Business in Uttar Pradesh”, the Akhilesh Yadav Government inked a Memorandum of Understanding (MoU) with international fame furniture and home furnishing Ikea company for opening several outlets in the State.
In the presence of the CM the MoU was signed by Ikea India Chief Operating Officer (CEO) Juvenico Maetzu and UP’s Principal Secretary Infrastructure and Industrial Development Mahesh Gupta here on Thursday.
Yadav said since the day Samajwadi Party Government came to power in the State from March 2012, investment to the tune of over Rs85,524 crore have been received by the State in which recently over Rs51,000 crore were received during the Mumbai investors meet.
The CM announced as State has introduced ‘Single Window’ system for all clearance for the industry, all efforts are being made to provide UP a friendly destination for the investors with implementing the slogan of ‘Ease of Doing Business’ in the State. “It is trying to improve its ranking,” he said.
Earlier, three-member delegation of Ikea India met with the Chief Minister and informed him about the company’s plan to open global standard outlets in the State with each store would have an investment of around Rs500 crore.
In the first phase, Ikea India would open stores in lucknow, Agra and Noida besides will strengthen its supplier based network for the supply chain. The Ikea delegation assured that the people of the UP would get international standard furniture and furnishing items from the stores at reasonable price.
Ikea sell the handicrafts procured from the women artisans in Varanasi besides also works for the workers working in the carpet industry. The company is also purchasing India products for its global outlets for the past 28 years.