Apple may get to open stores in India without mandatory 30% domestic sourcing requirement

“The government is set to waive the requirement of mandatory domestic sourcing for Apple, paving the way for the global technology giant to open its own retail outlets in the country,” Sidhartha reports for The Times of India.

“Although Apple has been keen on opening its own stores, the policy requirement of mandatory sourcing of 30% of the goods from within the country proved to be a major hurdle since the market does not have vendors to meet its needs,” Sidhartha reports. “Following a change in the policy last November, Apple has decided to seek government nod as the sourcing norms can now be waived for ‘state-of-the-art’ and ‘cutting-edge technology.'”

“On Tuesday, the iPhone and iPad maker made a presentation before a committee headed by industrial policy and promotion secretary Ramesh Abhishek where it made a case for use of the special provision,” Sidhartha reports. “Sources told TOI that Apple was a fit case for relaxing the norms. “Their products certainly meet the requirement for waiving the local sourcing clause,” said a source, adding that a final decision will be announced in a few days.”

Read more in the full article here.

MacDailyNews Take: It would be a major boon for Apple – and for India – if they were allowed to build, open, and operate their own retail store network.

4 Comments

  1. This deal could be as big as China Mobile and Apple’s push into China is/was.

    1. India’s market is rapidly growing. The country’s “middle class” in 2013 was 5% of their population, or around 50 million people. Some suggest India’s middle class will grow to 40% by 2025. This calculates to 520 million people based on today’s population of 1.3 billion people. Their retail centers are also growing. 600 mega malls have sprung-up in the last ten years.

    2. As of November 2015 4G LTE penetration was only at 1.61%. As LTE coverage increases so should upgrades to LTE enabled phones, including iPhones.

    3. Apple stores are more than just an electronic store. They are art forms: a place to visit and experience all Apple products under one roof. It’s also a place to get certified Apple repairs. Apple stores have become a destination.

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