Sin­gle-brand Re­tail: DIPP Seeks More Info from Xiaomi

The Economic Times - - Companies: Pursuit Of Profit -

The Depart­ment of In­dus­trial Pol­icy and Pro­mo­tion (DIPP) has sought more in­for­ma­tion from the Chi­nese mo­bile de­vice maker Xiaomi to process the ap­pli­ca­tion for open­ing wholly-owned sin­gle-brand re­tail stores in In­dia. “The DIPP wants some more in­for­ma­tion from the com­pany as there are some gaps in their ap­pli­ca­tion,” an of­fi­cial said. The in­for­ma­tion is important as Xiaomi has sought com­plete ex­emp­tion from the manda­tory 30% lo­cal sourc­ing norms.

NEW DELHI

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