Mark­ing That Cut­ting Edge

The Economic Times - - Economy: Macro, Micro & More -

What’s Manda­tory Sourc­ing? 100% owned for­eign ven­tures must source 30% of goods sold lo­cally High tech cos can seek re­lax­ation More About the Com­mit­tee A three-mem­ber panel will re­view pro­pos­als on case-to-case ba­sis If sat­is­fied, the panel will al­low ex­emp­tion from 30% sourc­ing norm Cos such as Ap­ple, Xiaomi be­ing con­sid­ered for ex­emp­tion Why the Ex­emp­tion? Top global brands get easy en­try Boost to re­tail in­dus­try, cre­ate jobs

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