100% FDI in retail: Boost to fashion firms, Apple may still stay away

The Cabinet approval would help more than 200 fashion and apparel brands who are lined up to enter India

Allowing 100 per cent foreign direct investment (FDI) in single-brand retail via the automatic route might not be enough to get global giant Apple to set up shop in India, experts say. 

International fashion brands and white goods companies would find the tweaks in the norms enticing enough to enter India. But high-end electronics manufacturers, who have been asking to be kept out of the mandatory 30 per cent domestic sourcing clause, might still stay away. 

“Apple has a completely different set of problems which cannot be solved by the changes being brought in,” said a senior executive from a major retail