Apple must sell 30% locally-sourced goods to open retail stores in India

By , May 25, 2016

Apple Store Front logo San Francisco

Apple must meet a strict rule that requires foreign retailers to sell at least 30% locally-sourced goods if it wishes to open stores in India, reports Reuters. A change in legislation last year exempted foreign retailers selling high-tech goods from the rule, but a government official told the outlet that Apple’s products don’t qualify for the category.

“They did ask for a waiver but didn’t provide any material on record to justify it. The decision was taken only after a thorough examination of their application,” the source said. The waiver is available only for investment in “state of the art” or “cutting-edge technology”, he added.

This is a significant set back for Apple, who had been reportedly planning to open its first 3 retail stores in India by the end of next year. CEO Tim Cook has spoken multiples times about how important the thus-far untapped market is to the company, amidst slowing iPhone sales, and backed it up with a high-profile trip to the country last week.

Source: Reuters

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  • Rowan09

    Smart.

  • techfreak23

    That’s ridiculous. So Samsung’s three stores in India have more “cutting edge” and “state of the art” technology in them than an Apple Store would? Also cool that Samsung whined and cried to the Indian government to not allow Apple to sell used phones in the country either because of the “snob factor.” That’s also cool that Samsung has to give away 32″ TVs to try to get people to buy the S7. GTFO out of here with that “cutting edge” bs.

    • Abhijeet Gupta

      32 inch tv and a free s series phone every year before launch

      • techfreak23

        That’s not the current promotion through certain carriers. It’s a free Samsung tv with the purchase of a galaxy or the lame ass VR headset. They also offer free TVs and other things to the employees as spiffs to push them over everything else. That’s why most of them will try to convince people to get something else over an iPhone. Apple doesn’t have to offer shit because their products sell themselves.

        Next time you go into a carrier to get a phone, ask the rep what they are getting out of it for that specific model they’re trying to sell you on…

      • Abhijeet Gupta

        You missed the point there, it was a joke to be taken on a lighter note 😉 ps we get a stupid ass VR, with samsuck phones.

      • techfreak23

        Totally missed your sarcasm there then. A little harder to catch through text

      • Rowan09

        Yep I said the same thing but some people live by that garbage.

      • Abhijeet Gupta

        Never used samsuck phones after s2, sold it after 5 days only to use iPhone 4 again, but I feel that one plus and HTC are doing good job with android, nexus is any day a choice I were to choose android

      • ravinigga

        Nexus are better if u choose android.
        Because it’s like Apple is direct from Google and not other brand after year no update

      • Abhijeet Gupta

        Exactly, I have a 6P, my sister uses it, and with android N incoming, I’m much more inclined towards buying a Nexus this year rather than iPhone 7

      • Abhijeet Gupta

        I agree, Android N will be seeded to nexus devices first , samsuck will update their phones in an year. That’s why I hate skins over OS

  • askep3
  • askep3

    Tbh apples stores themselves are generally cutting edge, with the way customer service works and how you check out, to how the stores are designed.

    Too bad the devices Apple sells are so old fashioned
    /s

    • Rowan09

      Old fashion how please explain? Touch ID is fast, the processor is fast, the camera is great, etc. I’ve never heard anyone say my Android is so much faster than my iPhone and I own them both (S7 Edge and iPhone 6S+).

  • Alex Wilson

    No stores, no 4,000 jobs plain and simple.

  • All hail The Supreme Leader who visits every single f uckin country on the planet within the first year of appointment, requests (begs) for FDI and then slaps inane conditions when said FDI enters.

  • Antzboogie

    I understand India’s logic. Apple has to locally source its a good thing for the country. India is actually very smart for implementing this law. The US is all about capitalism so they wouldbt dare what a shame. Apple just wants to keep making iPhones in China where they can abuse cheap labor oh I forgot robots are taking over.

    • Rowan09

      Yes because like every other business it’s about making money. Do you think the shareholders in America cares about jobs being here and paying a premium? Money is all that matters to any business, everything leads right back to how they can monetize it and that’s fine with me.

      • Antzboogie

        Having no regard for your own country or the people that help buy your products is ok with you?? Capitalism is just a joy ride to me because one day it will end and people will wake up and start to ask questions and realize we are not getting our fair share. India has the right idea. I know it wont be cheap but come on America was built on our own people finally stepping up and saying enough is enough!!

      • Rowan09

        I’m from Jamaica WI natively and I wish the government made this stance for everything in my country. I care but I know in reality publicly traded companies cannot care as we would like them to care. All Wall Street, etc care about is money. Look at what they did to Apple’s stock after the quarterly earnings, it wasn’t until Buffect invested a billion until the stock started to turn around.