Xiaomi Seeks Ex­emp­tion from Lo­cal Sourc­ing Norms

The Economic Times - - Companies -

Chi­nese mo­bile de­vice maker Xiaomi has sought com­plete ex­emp­tion from the manda­tory 30% lo­cal sourc­ing norms for open­ing sin­gle brand re­tail stores in In­dia. “The com­pany has sought per­mis­sion from the De­part­ment of In­dus­trial Pol­icy and Pro­mo­tion (DIPP) for open­ing sin­gle brand re­tail trad­ing (SBRT) in In­dia. They also want ex­emp­tion from the manda­tory lo­cal sourc­ing norms,” sources said. When con­tacted about the mat­ter, the com­pany said: “We have filed an ap­pli­ca­tion for SBRT, but would be un­able to share more de­tails as it is still at a nascent stage.”

NEW DELHI

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