Single-brand stores: DIPP panel suggests Apple be exempted from mandatory local sourcing

Apple has sought nod from the government on setting up single-brand retail stores in the country.
A committee headed by Secretary of Department of Industrial Policy and Promotion Ramesh Abhishek has recommended exempting Apple Inc from mandatory local sourcing, applicable for foreign direct investment in single-brand retail trading, a government official said.
Earlier this month, the Cupertino-based iPhone and iPad manufacturer gave a presentation to the DIPP Secretary-headed panel on why its p