Wednesday 28 August 2019
Apple might finally be able to sell iPhones directly to customers in India from its own online store.. Yesterday, the government said it’s relaxing local sourcing norms for foreign direct investment (FDI) for single-brand retail, opening the door for Apple store like outlets. That means the companies aren’t obliged to follow the rule that allowed brands to sell via their owns stores only if they source 30 percent of their hardware components locally. According to new rules, all procurements made from India by a single-brand retail company for its own production will count towards local sourcing, even if the goods are exported.…
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