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by wlesieutre
2013 days ago
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Also the fact that India required Apple to move manufacturing into the country in order to have a retail presence: https://www.reuters.com/article/us-apple-india-idUSKCN0YG2LW > NEW DELHI (Reuters) - India has said Apple Inc must meet a rule obliging foreign retailers to sell at least 30 percent locally-sourced goods if it wishes to open stores in the country, a senior government official told Reuters. > Apple is hoping to expand its retail presence in India, one of the world’s fastest-growing smartphone markets, at a time when sales in the United States and China have slowed. > 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. |
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