There have been various talks that have been going on between Apple and the Indian Government as Apple now plans to go ahead and start having their retail outlets in the country. Well as per what has been updating on this front, it is believed that the recent updates show that the Application that was submitted by Apple in regards to selling iPhones which are refurbished in the country has been rejected officially.
It is believed that the plan was opposed by a lobbying group that was newly formed, there were also reports about the fact that the ruling by the Indian Government in this front was said to be against the company. Well this seems to be officially confirmed even though the CEO of Apple, Tim Cook had put in a lot of efforts to convince the Government to consider it as an exception when he was seen visiting the country recently. For the encouragement of Local manufacturing it is believed that the duties for importing used goods into the country is said to be high. An eye watering 300% of the value is what is considered as the standard levy.
The Indian Finance ministry has clearly stated that they did not want foreign companies just coming and dumping their refurbished products in the country. This was a charge that had also been denied by Tim Cook. As of now it is also believed that a temporary exemption is what is being looked at by the company in regards to the rule which says that at least 30% of the company’s materials have to be sourced locally. Only then do they have permission to go ahead and open their retail stores in the country. There have also been plans made of opening an assembly plant of the iPhone which is said to cost around $10 billion.