Latest News on Local Sourcing
Showing of 0 - 10 from 8 results
Local Sourcing - Total results - 8
Feb 13, 2019
Cabinet to soon consider relaxing mandatory 30% local sourcing norms for single-brand retailersCurrently, online sale by a single-brand retail player is allowed only after opening of physical outlet.
Aug 02, 2017
Local sourcing and assembly of smartphones likely to bring Rs 31,000 crore in 2019India is the second largest smartphone market in the world in terms of number of users, connecting more than 292 million people across the country.
Jun 21, 2016
Tim Cook's India visit a success after all; new FDI norms open doors to Apple StoresTim Cook was in India recently and started his trip with lord Ganesha’s blessings to probably elevate the falling sales by setting the ball rolling in India.
Jun 10, 2016
Govt may tweak single brand retail policy, but 30% local sourcing norms will stayThe government, according to officials, is not in favour of diluting the mandatory 30 percent local sourcing norm but is open to the possibility of giving more time to such firms
Jun 01, 2016
Apple won't set up stores in India without exemption the 30% domestic sourcing normApple will not be opening its single brand retail stores in India if the company is not exempted from domestic sourcing regulations according to media reports.
Jun 01, 2016
Xiaomi is now willing to follow the 30% local sourcing rule: ReportAccording to media reports, Xiaomi has withdrawn the request it had earlier made for an exemption from the 30% local sourcing norm.
Sep 18, 2012
IKEA will have to resubmit application for opening storesSwedish home furnishing major IKEA will have to revise its application and reapply to the government for opening stores in India after the relaxation of mandatory sourcing norms for FDI in single brand retail, an senior official said.
Jan 25, 2012
Is Ikea right to fret about local sourcing?According to various media reports, the company has been put off by the local sourcing requirements and decided to enter India only when conditions are better.