Well, at least one retailer ismaking some progress in expanding into India.

IKEA has signed agreements with the states ofKarnataka and Telengana to open stores there, making the globalhome furnishings giant one of the first companies to be approvedfor a 100 percent investment in the country, Reuters says.

Exact locations for the stores have not yet been determined,IKEA India Chief Executive Juvencio Maeztu toldReuters.

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