Home India softens foreign investment regulations, woos Apple
 

Keywords :   


India softens foreign investment regulations, woos Apple

2016-06-21 08:57:00| Telecompaper Headlines

(Telecompaper) India has released new foreign investment rules for retailers. The new regulations pave the way for Apple to resubmit its application and open its first retail stores in India, Reuters reports. The US-based giant currently sells its iPhone, iMac and iPad devices through resellers in India. 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. Apple can now also seek an additional 5-year exemption if the government decides that its products meet the 'cutting edge' criteria.

Tags: india foreign investment apple

Category:Telecommunications

Latest from this category

All news

»
23.06Atlantic Tropical Weather Outlook
23.06Eastern North Pacific Tropical Weather Outlook
23.06Atlantic Tropical Weather Outlook
23.06What are my rights if my flight is cancelled or delayed?
23.06Atlantic Tropical Weather Outlook
23.06Eastern North Pacific Tropical Weather Outlook
23.06British Gas sorry for pursuing man over wrong 2,500 bill
23.06Airport 'stay away' warning amid major power cut
More »