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Indian Government Rules State that Around 30% of Locally Sourced Goods Have to Be Sold by Apple If They Open Retail Stores in the Country - iOS World
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Indian Government Rules State that Around 30% of Locally Sourced Goods Have to Be Sold by Apple If They Open Retail Stores in the Country

As per the Indian regulations it requires any company that is planning to set up a retail location in the country should have a provision of around 30% to source their goods locally, however due to the fact that the government feels that the products of Apple is said to be one that is of cutting edge technology, this particular requirement may just be forfeited.

Indian Government Rules State that Around 30% of Locally Sourced Goods Have to Be Sold by  Apple If They Open Retail Stores in the Country

Recently Reuters released a report which stated that this possibility was not in the picture. It was also stated in the report that a Senior Government official did cite that in order for the company to start their retail locations in the country, the company would have to sell 30% of goods that are locally sourced for them to open the retail location. Recently the legislation was changed last year where this particular rule could be exempted for a few tech manufactures, however it does seem to be that the requirements that was needed was not met by Apple. It was also reported that a waiver had been applied by Apple.

But there was no material provided which showed that on record where it was justified. The government official also went on to say it was not justified by Apple that they would bring any kind of cutting edge technology or state of the art technology to its retail location in India. The statement also went on to say that after the application was examined properly, the decision was taken as the availability of the waiver is only for those investments in cutting edge or state of the art technology, This news came into light soon a week after Tim cook and a few executive of Apple had spent some time in India and travelling around the country. While The Barefoot College was visited by Lisa Jackson, on the other side Cook had meeting scheduled with Narendra Modi the Indian Prime Minister and a few executives of different Indian Carriers.

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