Panasonic Must Meet 30% Sourcing Rule to Open Stores in India

As per India’s single-brand retailing norms, foreign companies opting to invest more than 51% in such a venture must source 30% of their merchandises within India.   The sourcing condition has been a major stumbling block for electronics majors such as Apple and Sony as they say it would be rather difficult to source almost one-third of their products they sell in India from local vendors. And this could be the reason why Panasonic too has decided to limit its offering to lighting products. Read more.