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Government Opens The Door For Apple Retail With New FDI Rules

Government Opens The Door For Apple Retail With New FDI Rules
Mumbai: Apple Inc could open its first stores in India and might eventually start manufacturing in the country under new foreign investment rules for retailers outlined on Monday. 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. That would allow Apple, which currently sells its iPhones, iMacs and iPads through resellers, to set up its o...
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