close
This ad will auto close in 10 seconds

Discussing Apple's request for FDI rules waiver: Sitharaman

The minister, however, said she was not in favour of relaxing rules for Apple to sell refurbished second-hand phones in India.



New Delhi: India`s commerce and industry minister on Monday said she was in talks with the finance ministry on Apple Inc`s foreign direct investment proposal that seeks a waiver from the country`s local sourcing rules.

Nirmala Sitharaman`s comments came days after the finance ministry asked the iPhone maker to meet rules that mandate foreign retailers to sell at least 30 percent locally-sourced goods if it wished to open stores in the country.

The minister, however, said she was not in favour of relaxing rules for Apple to sell refurbished second-hand phones in India.

 

From Zee News

0 Comment - Join the Discussions