Apple may be opening its retail stores in India soon, following the Indian government’s decision to open India’s retail sector to 100% foreign direct investment, reports “iPhone Hacks” (http://macte.ch/66tRG). One possible problem: Indian policies require such investments to source at least 30% of the total value of their products from Indian small industries, “which obviously doesn’t fit in well with Apple’s strategy,” the article adds.
However, an unnamed member of the India Department of Industrial Policy and Promotion is quoting as saying: “Let Apple finalize its business plan and the investment it wants to make. If they tell us that the 30% sourcing is a problem, at that stage we will look into it.”