Apple Must Show IPhone Is Cutting Edge to Win Over India
- India offers to relax investment rules for high-tech companies
- Move paves way for Apple to open its own stores in India
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Tim Cook will need to convince Indian Prime Minister Narendra Modi that the iPhone is cutting edge if the Apple Inc. chief executive officer is to gain easier access to what will be the world’s second-largest smartphone market.
The government on Tuesday said it would relax rules for companies as long as they can prove their technology is so "state of the art" that it’s impossible for them to comply with norms requiring 30 percent of products be sourced locally. The move paves the way for Apple to open its own stores in India, where it depends on resellers to market its China-made devices.