No Apple Stores in India if 30% Sourcing Rules Stay: Report
Chaitali Chakravarty & Writankar Mukherjee, reporting for ETtech:
[…] Apple has no immediate plans to manufacture devices in India or buy parts from vendors in the country, said two persons with knowledge of the matter.
The company, however, wants permission to set up stores without conditions attached, said the two people cited above. Since the idea behind the local sourcing rule was to create jobs in India, that aim has already been achieved with Apple lining up two big investments in the country, they said.
I’ve been keeping a close eye on the developments around Apple opening its company-run Apple Stores in the country, and it looks like it’s time to give up all hope about it.