Diabytes
Single brand retail News
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Apple, however, said it will take some time to announce its first branded store in the country.
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Government said that the changes in FDI policy will result in making India a more attractive FDI destination, leading to benefits of increased investments, employment and growth.
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Government is considering further relaxing foreign direct investment (FDI) norms in several areas, including trading, with an eye on more inflows.
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Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India
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iPhone and iPad maker Apple has resubmitted its application for opening single-brand retail stores in the country as there were certain gaps in its earlier proposal.
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