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LOCAL SOURCING CLAUSE
Property or problem? The hidden legal traps haunting India’s property owners: Here’s how to navigateProperty ownership in India, once a symbol of security, now presents significant legal challenges due to unclear titles and disputes. Buyer...
Local sourcing rule likely to go away in single-brand retailEyeing more foreign investment, govt may dilute or entirely remove the clause.
Make in India: Defence procurement policy may have a local production clause, says Manohar ParrikarParrikar said even as there is a push for local production, there is need to improve transparency in the defence procurement procedure (DPP...
Apple given relaxation in sourcing for first three years: GovernmentProviding details, Sitharaman said the average that we calculate for the local sourcing requirement will be applicable after that for five ...
Apple vs single-brand retail policy: DIPP officials defend local sourcing clauseThe finance ministry cleared the US company’s proposal to set up Apple Stores under the single-brand policy but without any relaxation in t...
Switzerland watchmaker Swatch ready to source small Indian diamondsSwatch said that it will source melee diamonds from the country & export them to group companies for use in products made in Switzerland.
Drop clauses that restrict local gear companies: DoT to BSNLDoT has asked the state-run telco to ensure domestic telecom gear suppliers are not subject to any restrictive tender conditions.
Walmart seeks more clarity on sourcing norms from DIPPWal-Mart Stores, the world's largest retailer, today sought additional clarifications from the government on the 30 per cent local sourcing...
- Solar mission project: US, EU, Japan pile pressure to remove local content clause
US, EU and Japan-have stepped up pressure to remove local content requirement clause in the national solar mission project & manufacture of...
FDI in single-brand retail: Govt likely to relax local sourcing and brand ownership normsThe govt is likely to relax local sourcing and brand ownership norms as part of a comprehensive review of the FDI policy for single-brand r...
- FDI in retail: Local sourcing seems to work well in multi-brand retail, but not in single brands
Govt will consider waiving the local sourcing requirement for foreign investors in single-brand retail on a case-to-case basis to attract i...
Difficult to meet 30 pc sourcing clause in retail: Adidas"The clause of 30% mandatory sourcing from SMEs is a concern. We are studying the policy changes in detail," Adidas India MD told.
- India to defend local-buy policy in solar mission as US, EU protest
India is readying to defend its policy requiring cos to source local content for the NSMP, a rule that has triggered protests from US and E...
- IKEA CEO meets Anand Sharma, willing to work with SMEs: Govt
IKEA CEO Mikael Ohlsson met Sharma in Paris yesterday and has expressed willingness to be involved in strengthening of SMEs in India
- 100% FDI in single brand retail will be limited due to local sourcing norms: Fitch Rating
Fitch says the local sourcing clause will limit the pace of change as retailers will have to determine whether they can get the same value ...
- Government notifies its decision to allow 100% FDI in single-brand retail
The notification, which signals govt's intent to push ahead with reforms brightens hopes it will resurrect plans to allow 51% FDI in multi-...
- FDI in retail: 30% sourcing from small-scale sector restricts luxury brands
Stipulation of 30% sourcing from the small-scale sector might be the spoiler for luxury brands in the country.
- FIPB bottles up Pepsi's $50-m plan
PepsiCo’s fresh investment plan to bring in Rs 215 crore ($50 million) in its paid-up capital has got stuck.
- Govt moves to stop damage claims on policy changes
While the government is raising the foreign direct investment (FDI) caps and plans to ease some restrictions of the Press Note 18, it is at...
- Govt to plug legal loopholes before lifting FDI caps
While the government is raising FDI caps and plans to ease some restrictions of the Press Note 18, it is also putting in place safeguards t...