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Apple has reportedly informed its component suppliers that it prefers to procure batteries for the upcoming iPhone 16 from Indian factories. The move aligns with Apple's increasing focus on manufacturing operations in India, marking a shift from its heavy reliance on China. Apple currently holds a 5% share of sales in India's market, which could double next year.
The sectors like electronics, value-added agri products, renewable energy items like solar panels and modules, and electric vehicles would help in taking the country's goods and services exports to $2 trillion by 2030.
New Delhi: The Indian e-commerce export sector has the potential to touch $200 billion in next six to seven years, a top government official said on Friday
E-Commerce Sector Urges Centre To Allow FDI For Inventory-Based Export Mode menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
At present, the country's FDI policy does not permit foreign direct investment in the inventory-based model of e-commerce. It is allowed only in firms that are operating through a marketplace model.
At present, the country's FDI policy does not permit foreign direct investment in the inventory-based model of ecommerce. It is allowed only in firms that are operating through a marketplace model.
E-commerce exports may touch $200 billion in 6-7 years: DGFT – Central India's Premier English Daily centralchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centralchronicle.com Daily Mail and Mail on Sunday newspapers.
The e-commerce industry has suggested that the government should permit foreign direct investment in inventory-based online trade for export purposes. Currently, the country's FDI policy only allows it in firms operating through a marketplace model. The Director General of Foreign Trade (DGF) is working on steps to promote exports through e-commerce, including reexamining the FDI policy and exploring schemes like 'composition levy scheme' for smaller players.