Showing: 1 - 3 of 3 RESULTS

India Changes Foreign Investment Rules for the Single Brand Retail Sector giving Apple the Green Light for its First Store

In February Patently Apple posted a report titled “The Lack of Flagship Apple Stores in India is Damaging Apple’s Premium Brand. Then in early May a new rumor surfaced that after the Indian elections there could be some movement on allowing Apple to proceed with their first flagship Apple Store in India. Modi went on …


Relaxed Local Sourcing Norms for Single Brand Retail Will Boost Economy, Experts Say

The government’s decision to relax local sourcing norms for foreign direct investment (FDI) in single brand retail trading would not in anyway upset the equilibrium of the organic retail and would add to our economy, industry experts said on Friday. In a boost for companies like Apple, Finance Minister Nirmala Sitharaman on Friday announced to …


Ease in local sourcing norms big boost for firms like Apple

In a boost for smartphone makers like Apple and horde of Chinese vendors to open exclusive retails stores in the country, the government on Friday announced to relax the mandatory 30 per cent local sourcing norms for FDI in the single-brand retail sector. Tech companies have time and again reiterated that it was difficult for …