Apple, IKEA, H&M may bolster their presence in India as Centre relaxes FDI rule in single-brand retail

Seeking to create a manufacturing eco-system at a time when several foreign companies are looking to shift out of China to beat an escalating global trade war, the Cabinet Committee on Economic Affairs also decided to allow up to 100% FDI in contract manufacturing via automatic route.

from The Financial ExpressThe Financial Express https://ift.tt/329A1KX
via IFTTT