weareliferuiner

  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Reading: Apple Resubmits India Retail Store Application; Xiaomi Follows
Share
Aa
Aa
weareliferuinerweareliferuiner
Search
  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
weareliferuiner > TECH > SMARTPHONE > Apple Resubmits India Retail Store Application; Xiaomi Follows
SMARTPHONE

Apple Resubmits India Retail Store Application; Xiaomi Follows

sristy
Last updated: 2016/03/16 at 12:23 PM
By sristy 2 Min Read
Share
SHARE
Apple Resubmits India Retail Store Application; Xiaomi Follows

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.

“The proposal is being processed by the Department of Industrial Policy and Promotion (DIPP). Chinese smartphone maker Xiaomi too has submitted an application,” an official said.

In January, Apple had filed proposal seeking permission for single-brand retailing and sell products online but due to certain gaps in the application, DIPP had sought more information from the US-based technology giant.

According to the sources, the government could exempt the Cupertino-based company from the mandatory local sourcing norm of 30 percent as it makes ‘state-of-the-art’ and ‘cutting edge’ technology products.

Last year, the government had relaxed the foreign direct investment (FDI) policy for single-brand retailing. The government had said it may also relax the sourcing norms for entities undertaking single-brand retailing of products having ‘state-of-the-art’ and ‘cutting edge’ technology and where local sourcing is not possible.

Further, sources said Xiaomi too has submitted an application with the DIPP to open single-brand retail stores in the country. Currently, its sells products through e-commerce and offline platforms. Single-brand retailers are also allowed to take e-commerce route for such trading.

At present, 100 percent FDI is permitted in the sector but the companies are required to take FIPB permission if the limit exceeds 49 percent. The company sells its products through Apple-owned retail stores in countries including China, Germany, the US, the UK, and France.

Apple has no wholly-owned store in India and sells products through distributors such as Redington and Ingram Micro.

Download the Gadgets 360 app for Android and iOS to stay up to date with the latest tech news, product reviews, and exclusive deals on the popular mobiles.

Tags: Apple, Laptops, Mobiles, PC, Tablets, Xiaomi
[“source-Gadgets]
TAGGED: Apple, Application;, Follows, India, Resubmits, retail, Store, Xiaomi
sristy March 16, 2016
Previous Article 4 Fundamental Keys To Success For New Entrepreneurs
Next Article What the Latest Co-Working Spaces Offer Freelancers

Latest News

5G handsets now comprise 87 pc of smartphone shipments in India
SMARTPHONE
Emerging Research Links Microplastics to Potential Risks for Bone Health
HEALTH
Tech skills in demand for
TECH
New Data on the Certified Health IT Market Now Available
HEALTH
Not just cholesterol, poor oral hygiene may also pose heart attack risk: Study
HEALTH
Early signs of kidney problems that most people ignore
HEALTH
Food and Drink Business
FOOD & DRINK
Try out the Samsung Collection app that Chinese users exclusively enjoy!
APP

Removed from reading list

Undo

Lost your password?