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Apple must sell locally-sourced goods to open up shop in India, government says

A new report claims that the Indian government won't be granting Apple an exception to its rules for for opening retail stores in the country, which state that at least 30% of the value in the store's product sales must come from local sources.

According to Reuters

A change in legislation last year exempted foreign retailers selling high-tech goods from the rule, which states 30 percent of the value of goods sold in the store should be made in India. However, Apple's products were not considered to be in this category, said the official, who has direct knowledge of the matter. He declined to be named as the decision by the finance ministry is not public. A finance ministry spokesman was not immediately available for comment.

If true, this rule is a step back in Apple's retail plans for India. CEO Tim Cook recently went on a four-day tour of the country to help, and reportedly part of his mission was to get Indian officials to sign off on the company's store plans. Reuters adds that Apple reportedly had planned to open three stores in India by the end of 2017.

I have been writing professionally about technology and gaming news for 14 years.

  • So basically India is going to squeeze as much money as they can out if Apple or any other outside company to protect it's own Indian companies. Sent from the iMore App
  • So whats wrong with it? It gives boost to the local economy.. this should be the law here in US also.
  • This is the kind of protectionism that nearly all countries employ, other than the US (except for certain markets, such as aerospace, steel, etc.). The WTO is a joke and although I'm a free market advocate, these measures will have to be applied to any countries hoping to enter US markets from now on. It's a two-way street and China especially is getting away with murder.
  • Apple is now doomed!
  • This is as ridiculous as Buy American programs of yesteryear
  • Not as ridiculous as not finding any Made in America goods here in US.
  • India is very corrupt. Once the bribes have been paid the law will be changed. These comments by politicians just mean Apple has not paid up yet. Sent from the iMore App
  • Looks like you don't follow daily news. Pls read about "Make in India" concept Sent from the iMore App
  • India prohibits homosexuality and gay people can be imprisoned and are persecuted in many different ways there. Why is Apple pursuing business in India and enabling this discrimination and persecution?
  • To make money like most businesses, Apple can't just turn its back on India just because they don't agree with their anti gay laws. Business is business. Sent from the iMore App