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

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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.

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

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"In the first phase we are looking at establishing IKEA storesin Delhi NCR, Mumbai, Bangalore and Hyderabad. We feel verypositive about the developments so far, but it is too early yet tosay when the first store will open," Maetzu said.

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IKEA has an advantage over other many other retailers looking toexpand in India – it sells only its own branded product. FDIremains controversial, and earlier this month, Commerce andIndustry Minister Nirmala Sitharaman saidthat FDI will not be allowed formulti-brand retailers. However, foreign multi-brand retailers canown 51 percent of a company.

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Why go through all this trouble? An emerging middle class thatis expected to reach 200 million by 2020 and 475 million by 2030according to Ernst & Young.

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But as always with politics, this seems to be a constantlychanging situation, and it will be interesting to watch itevolve.

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