Nirmala Sitharaman: Discussing Apple's request for FDI rules Waiver newsreporter.in

Nirmala Sitharaman Discussing Apples request for FDI rules Waiver

Commerce and industry  Minister Nirmala Sitharaman said that Indian government was discussing Apple Inc's foreign direct investment application that seeks a waiver from a local sourcing rule.She said that her ministry would discuss the issue with the finance ministry.

In earlier FIPB (The finance ministry's foreign investment promotion board) clears that foreign direct investment applications, has asked the iPhone maker to sell at least 30 percent locally sourced goods if it wished to open shops in India.

2016-05-30 17:13:38 by Krishna Kumar

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