nuliba
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The Nike Blazer Mid Print features a seasonally-dr
« on: Mar 11th, 2016, 2:57am » |
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NEW DELHI: Within two months of allowing international players to set up wholly-owned 'single-brand' retail stores, the government is planning to dilute the norms on sourcing from small, village and cottage industries, bowing to pressure from global brands such as IKEA, Nike and Apple.
Senior sources in the government said the industry ministry had received feedback from these companies that they were unlikely to invest in India until the sourcing norms were simplified. Under the single-brand route, companies can open their own stores provided they sell products under their own brand name.
During recent discussions, consultants for Nike told officials the sports goods and apparel major Nike Roshe Run Dame wanted to source from Indian firms, but needed to invest in these entities to upgrade technology and scale up capacity. But doing so would breach the small scale cap of $1 million (around Rs 5 crore) investment in plant and machinery.
'Apple keen to set up stores in India'
NEW DELHI: The government officials said that Apple too is keen on setting up its own stores and getting some manufacturing done in India, but the small scale investment cap is proving to be a deal-breaker . Within weeks of the government notifying the norms on January 10, IKEA had said that it would be difficult for it to "live up to" some of the terms of the policy unveiled by the government.
"IKEA management is continuously in dialogue with authorities and other relevant stakeholders. This is true also for India as we are very positive to the decision Adidas ZX Flux Herren to allow Nike Roshe Run Womens FDI for single brand retailers and remain optimistic that we will shortly be able to present more information about our possibilities to establish retail operations in India," an IKEA spokesperson said in response to a questionnaire from TOI sent last week.
In November, when the Union Cabinet had approved the proposal to permit an increase in the FDI cap for single-brand retail from 51% to 100%, the commerce & industry ministry had inserted a clause in the fine print to say that the small scale sourcing could be done from anywhere in the world.
Following the subsequent uproar, the ministry went back to the original position to specify in the notification that the sourcing clause would apply to "Indian small industries/ village and cottage industries, artisans and craftsmen" . The ministry of micro, small and medium enterprises Adidas Superstar Homme has Nike Free 5.0 Womens not been consulted Adidas Yeezy 750 Boost Dames on the issue so far, an official said. This is similar to the situation when the sourcing clause was announced without consulting the ministry.
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