While the apple firm had almost given up hope of opening Apple Stores in India, his efforts are finally rewarded. Indeed, after having forbidden Apple to establish its stores in the country, the Indian government finally decided to give it authorization…
This is the Indian site Factordaily who reported the news. According to the information it has revealed, the Indian government has made some relaxation on the texts governing the establishment of foreign shops in the country. Flexibilities that are apparently favorable for the Cupertino company since they allow it to evade the rule of 30% of local production.
The authorization in question runs in particular over a minimum period of 3 years. However, it will still be possible to extend it by another 5 years if the products it puts on sale still have no equivalent in India. Of course, this duration gives Apple ample time to set up in the country and therefore align with the rule cited above. As a reminder, the Californian giant plans to open its Apple Stores in three Indian cities: New Delhi, Bangalore and Mumbai. These should be up and running next year.