Menu
Indian minister holds out hope for Apple stores

Indian minister holds out hope for Apple stores

The Commerce Minister said her ministry wouldn’t mind a waiver of retail rules for Apple

Apple may still get to set up wholly-owned stores in India, with the country’s Commerce Ministry promising to discuss the matter with the Finance Ministry that had objected to the proposal.

Indian government rules require that foreign-owned, single-brand retailers source 30 percent of their products locally, but the Indian government had indicated that it could provide a waiver of that requirement for branded stores of retailers of high-tech products. Apple had hoped for such an exemption from the government.

On Monday, Commerce and Industry Minister Nirmala Sitharaman said that her ministry did not oppose providing a waiver to high-tech companies like Apple and would discuss the matter with the Finance Ministry.

Apple has decided to focus on India, where it saw 56 percent year-on-year growth in iPhone sales in the last quarter. Its revenue from China, its second largest market, fell 11 percent in the same period.

To build its share in the Indian market, the company was hoping to sell low-cost refurbished phones in India. But that move came in for criticism from the environment ministry which is concerned that this could create a recycling problem, as the phones would be closer to end of life. Some of Apple’s rivals also opposed the proposal.

Sitharaman said her ministry was not in favor of Apple's plans for the import of refurbished phones.

India’s focus is to persuade mobile phone makers to make the devices in the country and it has been quite successful so far. Apple has not announced any plans to make its phones in India. But during a meeting this month between Apple CEO Tim Cook and Indian Prime Minister Narendra Modi in Delhi, the executive spoke of the “possibilities of manufacturing and retailing in India,” according to the country’s Press Information Bureau.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments