It has been said in a report published in TIMES OF India that INDIAN GOVERNMENT is likely to RELINQUISH THE CLAUSE OF LOCAL SOURCING FOR Apple.
The policy says that any foreign company must obtain at least 30% of its goods from local vendors to set up retail stores.
However FINAL DECISION IS YET TO BE CONFIRMED BY THE OFFICIALS.
In a presentation APPLE hinted that they are more likely to establish Firms to produce components in INDIA. However they totally denied to sell refurbished phones in near future.
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