Ruchika Chitravanshi reporting for the Economic Times:
The government may consider relaxing compulsory local sourcing conditions for high-end, hi-tech, single-brand retailers. Such a move might help persuade Apple, which is seeking to widen market access in India, to establish wholly owned stores in the country.
The department of industrial policy and promotion (DIPP) is considering such a move to enable investments by foreign brands such as Apple, a senior government official told ET.
This is a big IF. The Govt. may consider this, and even if does end up happening, it’ll be years before we see a company-run Apple Store in India. I wouldn’t get my hopes high yet.