Will government relax local sourcing norms for ‘cutting edge’ Apple Inc?
Apple has no wholly-owned store in India and sells products through distributors such as Redington and Ingram Micro.
iPhone and iPad maker Apple has given a presentation to the DIPP Secretary-headed panel on why its products should be considered ‘state-of-the-art’, ‘cutting edge’ and thus exempted from mandatory local sourcing norms.
The US-based company has sought nod from the government on setting up single-brand retail stores in the country.
As per the foreign direct
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