
Apple is keen on opening up their Apple Stores in India. The Cupertino-based company had asked the Indian government to relax the policy on foreign direct investment (FDI) in single-brand retail, according to a recent report from Business Standard. Latest Indian Foreign Direct Investment (FDI) policy permits 100% stake for foreign businesses, up from the previous limit of 74%, to boost the Indian economy. But current FDI on single-brand retail requires the company to source 30% of its materials locally, for proposals involving foreign investments in excess of 51%.
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