ahlam1399
05-26-2016, 02:57 PM
Apple's plan to open three Apple Store locations (http://www.macrumors.com/2016/05/16/apple-stores-india-within-18-months/) in India may fall through following a ruling from the Indian finance ministry that says Apple must sell locally sourced goods if it wants to open stores in the country, reports Reuters (http://www.reuters.com/article/us-apple-india-idUSKCN0YG2LW).
In India, 30 percent of goods sold by foreign companies must be manufactured or produced in the country, a requirement Apple does **t meet as its products are largely made in China. India last year exempted retailers selling state-of-the-art goods from the rule, prompting Apple to file a new application with the Indian government.
http://cdn.macrumors.com/article-new/2012/01/indian_flag.jpg
Apple was expected to receive an exemption from the rule, earning a recommendation (http://www.macrumors.com/2016/04/28/india-approves-single-branded-apple-retail-stores/) from country's Department of Industrial Policy and Promotion, but the ministry of finance has decided Apple's products do **t fall into the cutting-edge tech**logy category. A source told Reuters Apple did **t provide e**ugh material to justify the exemption."They did ask for a waiver but didn't provide any material on record to justify it. The decision was taken only after a thorough examination of their application," the source said.
The waiver is available only for investment in "state of the art" or "cutting-edge tech**logy", he added.Without the ability to open its own retail stores in the country, Apple will need to continue selling iOS and Mac devices in India through third-party distributors. Apple is eager to expand its business in India as it is a largely untapped market. Last quarter (http://www.macrumors.com/2016/05/18/tim-cook-india-visit-mumbai-temple/), Apple saw its revenue from India grow 56 percent, surpassing $1 billion.
The ministry of finance's ruling comes just after Tim Cook (http://www.macrumors.com/roundup/tim-cook/) spent several days in India, where he met with (http://www.macrumors.com/2016/05/21/tim-cook-meets-india-pm-launches-app/) Prime Minister Narendra Modi and other local business leaders (http://www.macrumors.com/2016/05/20/tim-cook-india-trip-bollywood-cricket-solar/), actors, politicians, and developers.
Apple has also an**unced the launch of a Maps development center (http://www.macrumors.com/2016/05/19/apple-hyderabad-maps-development/) in Hyderabad and an iOS app and design accelerator (http://www.macrumors.com/2016/05/18/apple-app-development-accelerator-india/) in Bangalore.
Tag: India (http://www.macrumors.com/roundup/india/)
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In India, 30 percent of goods sold by foreign companies must be manufactured or produced in the country, a requirement Apple does **t meet as its products are largely made in China. India last year exempted retailers selling state-of-the-art goods from the rule, prompting Apple to file a new application with the Indian government.
http://cdn.macrumors.com/article-new/2012/01/indian_flag.jpg
Apple was expected to receive an exemption from the rule, earning a recommendation (http://www.macrumors.com/2016/04/28/india-approves-single-branded-apple-retail-stores/) from country's Department of Industrial Policy and Promotion, but the ministry of finance has decided Apple's products do **t fall into the cutting-edge tech**logy category. A source told Reuters Apple did **t provide e**ugh material to justify the exemption."They did ask for a waiver but didn't provide any material on record to justify it. The decision was taken only after a thorough examination of their application," the source said.
The waiver is available only for investment in "state of the art" or "cutting-edge tech**logy", he added.Without the ability to open its own retail stores in the country, Apple will need to continue selling iOS and Mac devices in India through third-party distributors. Apple is eager to expand its business in India as it is a largely untapped market. Last quarter (http://www.macrumors.com/2016/05/18/tim-cook-india-visit-mumbai-temple/), Apple saw its revenue from India grow 56 percent, surpassing $1 billion.
The ministry of finance's ruling comes just after Tim Cook (http://www.macrumors.com/roundup/tim-cook/) spent several days in India, where he met with (http://www.macrumors.com/2016/05/21/tim-cook-meets-india-pm-launches-app/) Prime Minister Narendra Modi and other local business leaders (http://www.macrumors.com/2016/05/20/tim-cook-india-trip-bollywood-cricket-solar/), actors, politicians, and developers.
Apple has also an**unced the launch of a Maps development center (http://www.macrumors.com/2016/05/19/apple-hyderabad-maps-development/) in Hyderabad and an iOS app and design accelerator (http://www.macrumors.com/2016/05/18/apple-app-development-accelerator-india/) in Bangalore.
Tag: India (http://www.macrumors.com/roundup/india/)
Discuss this article (http://forums.macrumors.com/threads/apple-retail-stores-in-india-waiver-denied.1974352/) in our forums
http://feeds.feedburner.com/~ff/MacRumors-All?d=6W8y8wAjSf4 (http://feeds.macrumors.com/~ff/MacRumors-All?a=rg0F3-CUbn4:h3sPle5L8mI:6W8y8wAjSf4) http://feeds.feedburner.com/~ff/MacRumors-All?d=qj6IDK7rITs (http://feeds.macrumors.com/~ff/MacRumors-All?a=rg0F3-CUbn4:h3sPle5L8mI:qj6IDK7rITs)
http://feeds.feedburner.com/~r/MacRumors-All/~4/rg0F3-CUbn4
أكثر... (http://www.macrumors.com/2016/05/25/apple-retail-stores-in-india-waiver-denied/)