The investment climate in Russia has improved after the government’s efforts to attract private investors. The country has been witnessing several high-profile development deals with western companies. The first global beyond fund in Moscow is Texas Pacific Group (TPG). Others include IKEA, the Swedish furniture retailer, Wrigley, the American chewing gum maker and Wal-Mart. Western firms are also attracted to the consumer boom in Russia. On the other hand, domestic firms are also rising hefty sums for investing in the domestic markets. Overall, Russian firms raised $2.75bn through stock offering in 2006 .However industry expert says that the domestic growth in many sectors is possible only if there is an influx of cash from its primary resource industries and rapidly increasing service industries.