Approach to create local git repository

gistfile1.sh

# Create local repo
cd ~
mkdir repositories
cd repositories
mkdir localRepo.git
cd localRepo.git
git init --bare --shared=true

# Add remote to local repo in your project
cd myProject
git remote add local ~/repositories/localRepo.git
git push local --all

# Add local repo into your app via composer.json
# "repositories": [
#         {
#                 "type": "vcs",
#                 "url": "~/projects/myProject.git"
#         }
# ],
 
# "require":{
#         "php": ">= 5.4.0",
#         "projects/project":"dev-master"
# },