Tag - India
Apple may have its own retail outlets in India after all, as the government has made changes to requirements hindering the company's progress. Rules that force retailers to source at least 30 percent of its products from within the country have been eased, giving Apple and other major companies with their own retail presence the ability to open stores in India, without having to worry about fulfilling the requirement for a while.
Apple's ongoing quest to open Apple Stores in India may soon become a reality, according to a report. The government is allegedly preparing to allow Apple to own its own retail stores in the country, without the need to abide by a rule that requires 30 percent of goods sold in a single-brand store to be locally sourced, with multiple regulators seemingly in agreement in providing Apple with an exemption that can last between two and three years.
Apple may still have a lifeline in its request for exemption from the Indian government's rule that 30 percent of the goods sold in single-brand stores must be locally sourced, reports Reuters. After a preliminary ruling from the Commerce and Industry ministry had delivered a recommendation in favor of the exemption, an Indian Finance ministry source indicated that Apple's request was in line to be blocked. Now, it appears, the two senior ministers concerned will be meeting to discuss their respective positions, offering Apple some hope that it will still receive the waiver.
Apple is not going to be permitted to sell used iPhones in India, a government minister has advised. Announced today by commerce and industry minister Nirmala Sitharaman, the government is "not in favor of any company selling used phones in the [country], however certified they may be," nixing Apple's proposal to refurbish iPhones it collects from customers upgrading their devices and resell them in India.
The Indian Finance Ministry's decision to knock back an Apple exemption that would have freed it from a requirement that 30 percent of a future Apple Store's content must be made locally came with a particularly puzzling explanation: Apple's products, it said, were not"state-of-the-art" or "cutting-edge," which at first strains credulity. Unless the decision is reversed, it means Apple's goal to open at least three Apple Stores in India by 2017 will have to be put on the backburner, which is a significant blow to Apple's current plans for the country.
Apple's plans to rollout Apple Stores in India have been thrown into doubt following the rejection by the Indian government of a special exemption request. Under Indian regulations, companies seeking to open single-brand stores in the country must stock their stores with a minimum 30 percent of products either manufactured in, or produced, in the country. The news is potentially embarrassing for Apple's senior hierarchy, a number of whom were recently in India on a charm offensive, which culminated in a meeting between Apple CEO Tim Cook and Indian Prime Minister Narendra Modhi.
In one interview given to an Indian television network, Apple CEO Tim Cook acknowledged that the iPhone was "overpriced" in India, saying that he wanted consumers there to be be able to buy iPhones "at a price that looks like the US price." He also talked again about the desire to invest further in India, praising the talent the company wants to invest in. In the StartupFest interview that took place earlier today in Amsterdam, Cook shot down the idea of Apple creating its own "piggyback" carrier network for iPhone users.
Apple CEO has met with Indian Prime Minister Narendra Modi, with the two discussing Apple's plans for India and the opportunities this presents for the Indian tech sector and economy in a get-together on Saturday local time. Cook also helped launch Modi's updated iPhone app, which prompted the Indian PM to take to Twitter to express his delight at the gesture. Also discussed were issues around cyber security and data encryption, reports The Times of India.
Apple CEO Tim Cook has continued his tour of India with a new television interview. Among his talking points with the show's host on India's NDTV, Cook made it clear how important the Indian market is to Apple, explaining that it is a top-five priority for the Cupertino-based company. In this latest interview, Cook also kept on point with the messages he has been reiterating throughout the week-long tour, which is that Apple is playing a long game with Asia generally, and is firmly committed to expanding its presence in the region.
Although not widely reported in the press, a number of Apple executives have accompanied Apple CEO Tim Cook on his five-day trip to India. Alongside newly-appointed head of Apple India Sanjay Kaul, Apple's COO Jeff Williams and Environmental VP Lisa Jackson have also been seen participating in events during the trip. Cook himself has taken time out to visit some cultural sites, including the Siddhivinayak Temple in Mumbai and a cricket game, while Jackson visited a school known in the region as "The Barefoot College."