Local Archives - Pinfaves

Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

April 11, 2016 SrijitaExemption, From, In, India, Local, Mi, Norms, Seeks, Sourcing, Stores, Xiaomi

Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India. “The company has sought permission from the Department of Industrial Policy and Promotion (DIPP)for opening single brand retail trading (SBRT) in India. They also want exemption from the mandatory local sourcing norms,” sources said. When contacted about the matter, the company said: “We have filed an application for SBRT but would be unable to share more details as it is still at a nascent stage.”…

India’s Nascent E-Commerce Market Likely to Draw Global, Local Players

April 5, 2016 SrijitaDraw, E-Commerce, Global, India's, Likely, Local, Market, Nascent, Players, to

Craigslist could learn a thing or two from Quikr. The Indian equivalent of the free classifieds service publishes product ratings, handles payments and shipping and crucially releases payment only after a buyer gives their purchase a once-over and a virtual thumbs-up. In so doing, the site that lists for sale everything from smartphones to cars is trying to solve problems familiar to every local flea-market bargain-hunter: the typically loud and messy business of haggling, unwieldy transport, and a distrust of smaller merchants. The app’s manifold services illustrate the extent to…