Apple's China Suppliers To Seek Centre's Approval For India Plants: Report
NDTV
The government has given certain preliminary clearances to several Chinese suppliers, the sources told Press Trust of India.
Several Chinese suppliers to iPhone maker Apple will "very soon" seek approval from the government to form joint ventures with domestic firms to set up facilities here, as the California-based company is looking to develop local capacities, sources told Press Trust of India.
These suppliers need approval as the government's foreign direct investment (FDI) guidelines require companies from neighbouring countries to seek mandatory government nod for investments.
The government has given certain preliminary clearances to several Chinese suppliers, the sources said.
According to the sources, Apple had some concerns with regard to its suppliers based in China and they had informally discussed the issue with the government.
