India Said to Require Local Sourcing by Apple to Open StoresBy and
Minister said to rule Apple must comply with sourcing rules
Panel said to decide it can’t give company an exception
India’s finance minister has ratified a decision that Apple Inc. must meet local sourcing rules to open its own stores, according to people familiar with the matter, dealing what may be a fatal blow to the iPhone maker’s effort to open retail outlets in the country.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.