more-inThe government is considering certain concessions sought by consumer electronics and computer software major Apple to set up manufacturing unit in India, according to Department of Industrial Policy and Promotion Secretary, Ramesh Abhishek. Mr. Abhishek said US-based electric car major Tesla will have to comply with local sourcing norms on single brand retail, but added that the company has not applied for concessions on cutting-edge technology. When queried about Apple's proposals, Mr. Abhishek told reporters: "They are asking for certain exemptions. But there are 90 manufacturers who are already manufacturing here. Mr. Abhishek He was attending the World Economic Forum's India Economic Summit.

Source: The Hindu October 05, 2017 16:07 UTC