Ikea, which received the government approval for its ₹10,500 crore FDI proposal in 2013 to set up 10 stores with allied infrastructure over 10 years, is a ____________.

The correct answer is: (C) Swedish company

Explanation:
● IKEA is a Swedish multinational furniture and home décor company.
● It received government approval in 2013 for a ₹10,500 crore FDI proposal to set up stores in India.
● Known for ready-to-assemble furniture, home products, and minimalist Scandinavian designs.

Information Booster:
● Founded by Ingvar Kamprad in 1943 in Sweden.
● IKEA operates in 60+ countries worldwide.
● India’s first IKEA store opened in Hyderabad in 2018.
● Famous for modern, affordable and self-assembly furniture.
● IKEA follows a flat-pack business model to reduce logistics costs.