Tag: sourcing norms

Apple has only been given a "breather" for the first three years by providing relaxation to it in local sourcing norms and the compulsory 30 per cent local sourcing clause has not been completely dispensed with, government today informed Rajya Sabha. "We have just given a relaxation that in the first three years, if local sourcing for their retail outlet is becoming difficult, the first three years will be exempted. But the average that we calculate for the local sourcing requirement will be applicable after that for five years. "So, it is not that as if we have completely dispensed with that clause. We have only said that give a breather for the first three years. We may do it afterwards," Commerce Minister Nirmala Sitharaman said. Replying to members question, she said...