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Green Signal For Apple Single Brand Retail Outlets

Industry Retailing

A government panel led by the DIPP Secretary has suggested that electronic items maker Apple can be exempted from 30 per cent local sourcing norms on FDI in single brand retail as the company's proposal meets the norms on cutting edge technology.  The proposal will now be forwarded to the Commerce and Industry Minister and then the Finance Minister for their approval.

Extracted from The Hindu, Apr 27,’16

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