#Debriefed: Apple’s single brand proposal

The Foreign Investment Promotion Board (FIPB) recently allowed Apple to set up retail stores in India. However, the US-based company's request to waive off mandatory local sourcing norms was rejected.

The decision made by the FIPB comes as a surprise inasmuch the Department of Industrial Policy and Promotion (DIPP) had green signalled the proposal in April.

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