Govt. May Relax 30% Sourcing Norms for Apple in India
If you’ve been waiting to see official Apple Stores in India, your wait might’ve gotten even shorter. The Indian government might consider relaxing the 30% local sourcing norms for Apple, after the company gave a presentation before a committee headed by industrial policy and promotion secretary Ramesh Abhishek.
According to the Economic Times, the presentation did prove fruitful:
“The committee has found that the company’s products are cutting edge technology and state-of-the-art. It has recommended to exempt them from the local sourcing norms,” sources said.