Apple eyes India stores, but laws may hold it back
Apple’s store in Hong Kong.
(Credit: Apple )
Apple’s retail stores are expanding their footprint globally. But now, their move into India could be held back.
Earlier today, the Economic Times reported that Apple is currently considering opening stores in India. However, the Wall Street Journal reported today, citing sources, that the company is subject to a law that requires all foreign retailers to source 30 percent of their product sales from local companies. In other words, 30 percent of the products sold in the stores must have come from an Indian partner.
For Apple, that’s a problem….
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