India Said to Require Local Sourcing by Apple to Open Stores

  • Minister said to rule Apple must comply with sourcing rules
  • Panel said to decide it can’t give company an exception

Apple Said to Hit Setback in India Push

India's finance minister Arun Jaitley

Photographer: Jeremy Piper/Bloomberg

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.

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