“The Indian government on Monday said it was discussing Apple Inc’s foreign direct investment application that seeks a waiver from a local sourcing rule,” Manoj Kumar reports for Reuters. “Nirmala Sitharaman, commerce and industry minister in the federal cabinet, told reporters her ministry would discuss the issue with the finance ministry.”
“A panel set up by Sitharaman’s ministry had favoured waiving the sourcing requirement for the U.S.-based phone-maker. But a government official, with direct knowledge of the FIPB decision, said Apple’s request was turned down as it failed to provide any material “on record” to back it,” Kumar reports. “‘We took a line that we wouldn’t mind waiving off the local sourcing norm for Apple’s high-end products,’ said Sitharaman. ‘(The) finance ministry has taken a different line. We will talk to them.'”
Read more in the full article here.
MacDailyNews Take: As we recently remarked on Apple Retail Stores in India:
That’ll be worked out eventually. — MacDailyNews, May 24, 2016
MacDailyNews Note: Today is Memorial Day in the U.S. and we will be spending the day with friends and family. We will resume normal posting tomorrow morning as usual. As always, thank you for visiting MacDailyNews.com!
SEE ALSO:
Blow for Apple and Indian consumers as Indian government pushes protectionism – May 25, 2016
Blow for Apple and Indian consumers as Indian government pushes protectionism – May 25, 2016
Apple hits setback in push to open retail stores in India – May 24, 2016
Apple’s U-turn in India: From arrogance to servility – May 23, 2016
Apple finds potential new factory hub – in India – May 23, 2016
Apple’s Tim Cook samples Bollywood, cricket, in bid to woo India – May 21, 2016
India shows Apple CEO Cook the love it’s yet to give the pricey iPhone – May 20, 2016
Apple CEO Cook: ‘We are in India for the next thousand years’ – May 20, 2016
Watch Apple CEO Tim Cook at his first cricket game in India – May 19, 2016
Apple opens Maps development office in Hyderabad, India – May 19, 2016
Apple CEO Cook debuts in India – May 18, 2016
Apple to open first-of-its-kind iOS App Design and Development Accelerator in India – May 18, 2016
Tim Cook visits India: Apple to expand its Indian software development center, build local start-up accelerator program – May 17, 2016
Apple Retail Stores to open in India by end of next year – May 16, 2016
iPhone sales surge 56% in India as Apple eats into Samsung’s high-end share – May 8, 2016
Apple deprivileged as India bows to Washington D.C. consensus on mobile phone import tariffs – May 7, 2016
India rejects Apple’s plan to import and sell refurbished iPhones – May 3, 2016
Indian government panel paves way for wholly-owned Apple retail stores in India – April 28, 2016
Happy MD!
Rolling Thunder baby … 🌞🇺🇸😎
In my prior post, I noted that Cook and the CEO of FoxConn would have a lot of off the record “conversations” (negotiations) with a lot of Indian officials.
I predicted that for India to be part of the worldwide tech society, that sooner or later a deal will be done.
It looks like sooner might be now.
‘Sure, we can do that! …With the proper motivation.’
💰💵💰💵👋
Just got to find the right palms to grease.
Start shutting down 7-11’s in the U.S. until they allow Apple in India.
It is in the best interests of India to allow Apple to set up retail stores to sell their products in India. The “knock-on” effects will be huge. It would be short-sighted of India to say no. Think of all the planning, construction, logistics, supply, facilities maintenance, staff hiring, transportation et cetera that would be needed to build, supply, maintain, and run Apple stores. This is on top of the favorable knock-on, or “halo”, effects to nearby shops, malls, and real estate. And Apple stores would give India’s image a good update, too. It would be crazy of Indian officials to say no to Apple.
1. People buying 16 GB phones and now bitching about how it isn’t enough storage
2. People complaining about the lack of ports, even knowing that Apple has a habit of deleting them
3. People complaining about premium pricing even though they claim they themselves bought the products
4. People lambasting Apple for falling behind in features and technical specifications, ignoring the all-important role of profitability in motivating those things
5. People comparing today’s Apple to yesterday’s Apple, instead of a more relevant comparison of Apple versus its competitors in the same time frame
6. People ignoring industry-wide standards around LGBT issues and pretending Tim Cook is the only one
7. People (maybe only one) who make double-spaced lists of Apple failings in a known Apple fan spot
It’s One Note Joe from Doofus, MO returned from the Internet Trolls Convention! Ready for more bilious spew no doubt, with his low octane mind on all things homophobe & scatological (reflecting what’s stored between his ears).
DO NOT FEED THE TROLL JOE!!