India Local Sourcing Norms

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  "Appreciate Hard Work" By PM Modi: Apple After Single Brand Retail Move

  Welcoming the Narendra Modi cabinet's decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon.

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  Budget 2019: Tax Rebate for Buying Electric Cars, Eased Angel Tax Norms, New Space Company for ISRO, More

  Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.

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  Xiaomi Says It Doesn't Need Government Exemption for Opening Retail Stores in India

  "We are manufacturing 75 percent of devices that we sell in India locally," Xiaomi India Head Manu Kumar Jain said.

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  Apple Needs to Apply Afresh for Retail Store Licence: Official

  Apple will have to submit fresh application for opening single brand retail stores to seek exemption from local sourcing norms.

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  India Opens the Door for Apple Retail Stores With New FDI Rules

  The new rules exempt foreign retailers for three years from a requirement to source 30 percent of the goods sold in company-owned stores locally.

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  Government Relaxes FDI Norms for Single Brand Retail, E-Commerce for Food Products

  "With these changes, India is now the most open economy in the world for FDI," said an official statement.

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  LeEco India Seeks Exemption From Local Sourcing Norms for Retail Stores

  While the Finance Ministry rejected the waiver of mandatory 30 percent local sourcing for Apple, Xiaomi is believed to have withdrawn its proposal.

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  Xiaomi Withdraws Request for Exemption From Sourcing Norms

  "They were seeking exemption from the mandatory local sourcing norms. Now they have withdrawn this request," an official said.

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  Did Tim Cook's Trip Work? Government Discussing Waiving '30% Local' Rule

  A week after Apple CEO Tim Cook visited India, the government is looking at whether to waive local sourcing rules which would allow the company a far smoother ride in opening its own retail outlets in the country.

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  Decision on Apple's Application to Set Up Retail Stores 'Soon'

  The government may relax mandatory local sourcing norms for entities undertaking single-brand retailing of products having state-of-the-art technology.

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  Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

  Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India.