NEW DELHI: The government may give more time to overseas high-tech companies like Apple Inc<\/a> to comply with the domestic sourcing norms for opening single-brand retail stores in the country. 新德里:政府可能会给更多的时间去海外高科技公司苹果(aapl . o:行情)符合国内采购规范开放单一品牌零售商店。
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\nThe government, according to officials, is not in favour of diluting the mandatory 30 per cent local sourcing norm but is open to the possibility of giving more time to such firms.
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\"The Department of Industrial Policy and Promotion<\/a> (DIPP<\/a>) is looking to tweak the FDI<\/a> policy<\/a> on sourcing. 30 per cent local sourcing norm may not be changed, but the time given to comply might be relaxed,\" a finance ministry<\/a> official said.
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The local sourcing norm has become a bone of contention between both the ministries as the Commerce and Industry ministry has recommended to exempt Apple<\/a> Inc from this rule, while the Finance Ministry<\/a> has rejected it.
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\nA DIPP<\/a> Secretary-headed panel has recommended to exempt Apple<\/a> Inc, that wants to open wholly-owned single brand retail stores in the country, from the mandatory sourcing norms saying the US-based company's products are 'state of the art' and 'cutting edge'.
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\nThe Finance Ministry, however, is not agreeing with this suggestion.
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\nAt present, 100 per cent FDI<\/a> is permitted in single-brand retail sector but companies are required to take FIPB permission if the limit exceeds 49 per cent.
\n
\nIn respect of proposals involving foreign investment beyond 51 per cent, sourcing of 30 per cent of the value of goods purchased, will be done from India, preferably from MSMEs, village and cottage industries, artisans and craftsmen, in all sectors.
\n
\nAs per the FDI policy<\/a>, the sourcing requirement would have to be met, in the first instance, as an average of five years' total value of the goods purchased, beginning 1st April of the year of the commencement of the business i.e. opening of the first store. Thereafter, it would have to be met on an annual basis.
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\nApple sells its products through Apple-owned retail stores in countries including China, Germany, the US, the UK and France.
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\nLast year the government had relaxed few norms and has stated that it may relax the mandatory local 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.\n\n<\/p><\/body>","next_sibling":[{"msid":52692160,"title":"Telcos commit to spending Rs 12,000 crore in three months to address call drop issue","entity_type":"ARTICLE","link":"\/news\/telcos-commit-to-spending-rs-12000-crore-in-three-months-to-address-call-drop-issue\/52692160","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":52692210,"entity_type":"ARTICLE","title":"Government may tweak single brand retail policy on local sourcing","synopsis":"The government is not in favour of diluting the mandatory 30 per cent local sourcing norm but is open to the possibility of giving more time to such firms.","titleseo":"telecomnews\/government-may-tweak-single-brand-retail-policy-on-local-sourcing","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2016-06-10 20:12:38","lastupd":"2016-06-10 20:13:37","breadcrumbTags":["Apple","policy","FDI","Finance Ministry","Apple Inc","Department of Industrial Policy and Promotion","DIPP"],"secinfo":{"seolocation":"telecomnews\/government-may-tweak-single-brand-retail-policy-on-local-sourcing"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2016-06-10" data-index="article_1">
官员说,政府不赞成稀释30%的法定当地采购规范但开放给更多的时间来这样的公司的可能性。
“产业政策和晋升(DIPP希望调整外国直接投资政策在采购。30%当地采购规范可能不会改变,但是时间给遵守可能会放松,”一个财政部官员说。
当地采购规范已成为争论的焦点两个部门之间随着工商业部门建议豁免苹果公司从这条规则,而财政部拒绝了它。
一个DIPP长的他率领小组建议豁免苹果公司,想要打开全资单一品牌零售商店,从强制性采购规范说美国公司的产品“先进的”和“前沿”。
然而,财政部不同意这个建议。
目前,100%外国直接投资是允许在单一品牌零售行业,但公司需要采取FIPB许可如果限制超过49%。
的提案涉及外国投资超过51%,采购的30%购进货物的价值,将来自印度,最好从男男,村庄和家庭手工业,工匠和工匠,在所有领域。
按照外国直接投资政策,采购需求必须满足,在第一种情况下,平均五年的购进货物的总价值,今年4月1日开始的毕业典礼业务即开的第一家店。此后,它必须每年见面。
苹果公司销售其产品通过云服务零售商店的国家包括中国、德国、美国、英国和法国。
去年政府放松一些规范和已经表示,它可以使强制性的当地采购规范放松实体进行单一品牌零售的产品拥有先进的前沿技术和当地采购是不可能的。
NEW DELHI: The government may give more time to overseas high-tech companies like Apple Inc<\/a> to comply with the domestic sourcing norms for opening single-brand retail stores in the country.
\n
\nThe government, according to officials, is not in favour of diluting the mandatory 30 per cent local sourcing norm but is open to the possibility of giving more time to such firms.
\n
\"The Department of Industrial Policy and Promotion<\/a> (DIPP<\/a>) is looking to tweak the FDI<\/a> policy<\/a> on sourcing. 30 per cent local sourcing norm may not be changed, but the time given to comply might be relaxed,\" a finance ministry<\/a> official said.
\n
The local sourcing norm has become a bone of contention between both the ministries as the Commerce and Industry ministry has recommended to exempt Apple<\/a> Inc from this rule, while the Finance Ministry<\/a> has rejected it.
\n
\nA DIPP<\/a> Secretary-headed panel has recommended to exempt Apple<\/a> Inc, that wants to open wholly-owned single brand retail stores in the country, from the mandatory sourcing norms saying the US-based company's products are 'state of the art' and 'cutting edge'.
\n
\nThe Finance Ministry, however, is not agreeing with this suggestion.
\n
\nAt present, 100 per cent FDI<\/a> is permitted in single-brand retail sector but companies are required to take FIPB permission if the limit exceeds 49 per cent.
\n
\nIn respect of proposals involving foreign investment beyond 51 per cent, sourcing of 30 per cent of the value of goods purchased, will be done from India, preferably from MSMEs, village and cottage industries, artisans and craftsmen, in all sectors.
\n
\nAs per the FDI policy<\/a>, the sourcing requirement would have to be met, in the first instance, as an average of five years' total value of the goods purchased, beginning 1st April of the year of the commencement of the business i.e. opening of the first store. Thereafter, it would have to be met on an annual basis.
\n
\nApple sells its products through Apple-owned retail stores in countries including China, Germany, the US, the UK and France.
\n
\nLast year the government had relaxed few norms and has stated that it may relax the mandatory local 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.\n\n<\/p><\/body>","next_sibling":[{"msid":52692160,"title":"Telcos commit to spending Rs 12,000 crore in three months to address call drop issue","entity_type":"ARTICLE","link":"\/news\/telcos-commit-to-spending-rs-12000-crore-in-three-months-to-address-call-drop-issue\/52692160","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":52692210,"entity_type":"ARTICLE","title":"Government may tweak single brand retail policy on local sourcing","synopsis":"The government is not in favour of diluting the mandatory 30 per cent local sourcing norm but is open to the possibility of giving more time to such firms.","titleseo":"telecomnews\/government-may-tweak-single-brand-retail-policy-on-local-sourcing","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2016-06-10 20:12:38","lastupd":"2016-06-10 20:13:37","breadcrumbTags":["Apple","policy","FDI","Finance Ministry","Apple Inc","Department of Industrial Policy and Promotion","DIPP"],"secinfo":{"seolocation":"telecomnews\/government-may-tweak-single-brand-retail-policy-on-local-sourcing"}}" data-news_link="//www.iser-br.com/news/government-may-tweak-single-brand-retail-policy-on-local-sourcing/52692210">
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