26-08-2019 21:52 via feedproxy.google.com

India considers easing sourcing rules that may help Apple

Shruti Srivastava for Bloomberg:India is considering relaxing local sourcing norms for foreign companies that sell only their own brand, a move that is likely to encourage Apple Inc. to set up stores, people with knowledge of matter said.
According to the proposal, export of goods from a foreign company’s factory in India will be accounted as local sourcing, the people said, asking not to be identified as as the matter is not public. The time needed to meet the sourcing norms will be raise
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