ALSO READGovt allows Chinese smartphone maker Oppo to open stores Oppo to set up Rs 2,200-cr smartphone manufacturing unit in Greater Noida Oppo, Vivo send Chinese expats home over decline in sales, Doklam row After overtaking Apple in China, Oppo eyes US, Europe Oppo launches front dual camera selfie-centric F3 smartphone for Rs 19,990
India has approved smartphones maker Oppo's request to open single-brand retail stores in the country, paving the way for the Chinese firm to sell directly to consumers and add to its existing wholesale business.
The government also approved luxury goods retailer Louis Vuitton's application to open its own stores in India.
India allows foreign firms to sell directly to consumers through the so-called 'single-brand retail' route, but companies need to source 30 percent of the products locally. India moved to partially relax those conditions in 2016, exempting foreign retailers for three years from the 30 percent local sourcing rule in a bid to attract more investment.