NEW DELHI: Commerce and Industry Minister Nirmala Sitharaman on Monday said her ministry is holding discussions with the Finance Ministry on Apple Inc’s proposal seeking exemption from 30 per cent local sourcing norms on FDI in single brand retail.
Union Minister of State for Commerce and Industry Nirmala Sitharaman. File photo.
The Minister, however, said she was not in favour of relaxing rules for Apple to sell refurbished second-hand phones in India.
Earlier, a government panel led by Department of Industrial Policy and Promotion (DIPP) secretary had suggested that Apple can be given exemption from the local sourcing rules as the electronic products maker’s proposal meets the definition of ‘cutting edge technology’. But the Finance Ministry then turned down this decision.