Saturday, 3 March 2012

Difficult to meet 30 pc sourcing clause in retail: Adidas


Expressing concern over the 30 per cent sourcing clause for foreign firms to operate single brand stores in India independently, global sportswear major Adidas says the condition will be difficult to meet for it as well as its sister concern Reebok.

"The clause of 30 per cent mandatory sourcing from small and medium enterprises is a concern. We are studying the policy changes in detail, but the sourcing part is something that is difficult for us to follow," Adidas India Managing Director Subhinder Singh Prem told.
http://articles.economictimes.indiatimes.com/2012-03-02/news/31117126_1_sourcing-subhinder-singh-prem-adidas-india-managing-director

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