OPPO has received approval by the Indian government to set up its single-brand retail stores in the country. The Chinese smartphone maker will now be able to sell directly to consumers in India. Continue reading “OPPO gets approval to open single-brand retail stores in India”
The Government of India has made key changes to the Foreign Direct Investment (FDI) policy by allowing 100% investment for retail trade and eight other sectors. This key change in the FDI policy will benefit Apple who has been striving to open it’s own retail stores in the country for a long time.
Continue reading “Government allows 100% FDI in retail trade, Apple stores to get a green signal”
Xiaomi had applied to Department of Industrial Policy and Promotion (DIPP) for opening single brand retail stores in India in March. Now the Chinese smartphone maker has withdrawn its request seeking complete exemption from the mandatory 30 per cent local sourcing norms for single brand retail stores, according to latest PTI report.
Continue reading “Xiaomi withdraws request for exemption over 30% local sourcing condition”
A government panel headed by Secretary of Department of Industrial Policy and Promotion (DIPP) headed by Ramesh Abhishek has recommended exempting iPhone and iPad maker Apple from mandatory local sourcing norms. Continue reading “DIPP panel recommends to exempt Apple from 30% sourcing condition for retail stores”
LeEco has joined the bandwagon of other international smartphone makers and has applied for single brand retail licence in India. Continue reading “LeEco applies for single-brand retail licence in India”
