A brand new record claims that the Indian government would possibly not be granting Apple an exception to its regulations for for opening retail stores in the rustic, which state that no less than 30% of the worth in the shop's gross sales must come from native resources.
In accordance to Reuters
A transformation in law remaining yr exempted overseas shops promoting high-tech goods from the guideline, which states 30 % of the worth of goods bought in the shop will have to be made in India. On the other hand, Apple's merchandise weren't thought to be to be in this class, stated the reliable, who has direct wisdom of the topic. He declined to be named as the verdict by way of the finance ministry isn't public. A finance ministry spokesman used to be now not in an instant to be had for remark.
If true, this rule is a step again in Apple's retail plans for India. CEO Tim Prepare dinner lately went on a four-day excursion of the rustic to lend a hand, and reportedly a part of his project used to be to get Indian officers to log off at the corporate's retailer plans. Reuters provides that Apple reportedly had deliberate to open 3 retail outlets in India via the top of 2017.