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Title: News: Apple’s plan to open stores in India hits a snag (Update: India’s finance minister ratifies ruling) Post by: HCK on May 26, 2016, 04:05:26 pm News: Apple’s plan to open stores in India hits a snag (Update: India’s finance minister ratifies ruling)
(http://assets.ilounge.com/images/uploads/apple_store_hong_kong.jpg) Apple’s attempt to bypass Indian rules to open its own retail locations in the country has been rejected, Bloomberg reports. The company was expected to qualify for an exemption from rules forcing single-brand retailers to obtain 30 percent of their products’ materials locally, applying as a provider of cutting-edge technology. But sources with direct knowledge of the discussions said India’s Foreign Investment Promotion Board ruled… Source: News: Apple’s plan to open stores in India hits a snag (Update: India’s finance minister ratifies ruling) (http://www.ilounge.com/index.php/news/comments/apples-plan-to-open-stores-in-india-hits-a-snag) |