Ron Burgundy Posted May 30, 2016 Share Posted May 30, 2016 By Manoj Kumar NEW DELHI (Reuters) - The Indian government on Monday said it was discussing Apple Inc's foreign direct investment application that seeks a waiver from a local sourcing rule. Nirmala Sitharaman, commerce and industry minister in the federal cabinet, told reporters her ministry would discuss the issue with the finance ministry. The finance ministry's foreign investment promotion board (FIPB), which clears 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. View the full article Quote Link to comment Share on other sites More sharing options...
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