About Contact Advertise Contribute
Logo
  • Browse
    • Art + Culture
    • Design
    • Fashion
    • Food + Drinks
    • Movies + Television
    • Market + Consumer
    • Tech
  • Features
  • Insights
Copyright @ 2020
Logo

India Sets Another parameter for Apple!

  • Posted on June 1, 2016
  • appleArunjaitleyExpansionIndia
    Share this
         Go Back
    < Previous PostNext Post >

    India Sets Another parameter for Apple!

  • Posted on June 1, 2016
  • appleArunjaitleyExpansionIndia
    Share this
    Apple

    Courtesy: https://silktide.com

    There seems to be no end to roadblocks for Apple in India! In a recent development, India has stated that Apple can open stores here but it has to first create jobs for people.

    According to Arun Jaitley, Indian finance Minister, foreign companies seeking to sell their products in India must also create jobs in the country. This announcement comes at a time when Apple is desperately trying to get approval for opening its own retail stores in the country. The American tech giant’s application is still waiting for a go ahead, as it does not meet the requirements of the Indian Government. The government has suggested that the foreign company should locally source at least 30 per cent of its raw material.

    Also Read – Ministry Ruling Puts Brakes On Apple’s Expansion Plans In India!

    Jaitley commented on the same by saying that he was completely in agreement with the rule that was introduced by the UPA government.

    “Speaking for myself, I feel it was based on good rationale, and the rationale behind the policy was, when somebody eyes such a large market, obviously job creation also is something the government of India is concerned with,” reasoned Jaitley. Creating more jobs is definitely a key element of the Government’s ‘Make in India’ initiative.

    However, Jaitley also admitted that there is an exception to the rule but the Indian government is yet to decide whether Apple meets the criteria to be exempted or not. The retailer has opened an iOS development centre in the country to help support and develop future app-makers and sells its products via third parties.

    With all these conditions, the future of Apple -owned stores in India seems to be quite bleak and the company has stated that it won’t set up stores in India if the government doesn’t exempt it from the sourcing rule, as it has no immediate plans of manufacturing devices in India or buying parts from Indian vendors.

    Amidst these issues, Apple has found a staunch strong supporter in Nitin Bawankule, the Google India Industry Director, who is of the opinion that if the retailer does manage to set up a facility here and bring more India-focused products then, it will not only help grow the Indian smart phone industry but will also do good for the overall retail sector.

     

    Facebook  Comments

    Newsletter

    More From apple

    • Online-retailer-thumb
      Yepme to have 400 Brick-n-Mortar Stores in India!
    • Saraswati-river-3-min
      This Lost Indian River to Be Brought Back to Life!
    More Market + Consumer
    Top 9 trends

    Top 9 trends that will shape the fashion world post coronavirus

    Features Market + Consumer

    The world is still in a tight grip of the COVID-19 pandemic, and while it has hit nearly all industries, 

    psychographics

    How Psychographics Will Bridge Your Demographics!

    Features Market + Consumer

    Introduction The article is based on a presentation by guest speaker, Ms Mercedes Gonzalez, Director, Global Purchasing Companies during an event 

    cover-min

    Green Weddings: Couples ‘Save the Date’ and the ‘Planet’!!

    Features Market + Consumer

    Indian weddings are stupendous, splendour, lavish and pretentious. On an average a family spends one fifth of the wealth accumulated 

    Artwork-1_Fotor

    E-Commerce – Over or Just Started?

    Features Market + Consumer

    Everything that flies high is bound to come down sometime sooner or later, and if Jabong’s story is any proof, 

    Two-mumbai-brotherS-min

    Two Mumbai-bred Siblings Take Chinese Route to Become Billionaires Overnight

    Insights Market + Consumer

    The Mumbai-bred siblings have achieved, what to most, would seem like a fairy tale, 34-year-old, Divyank Turakhia and his elder 

    FinalImage-min

    The New Indian Middle Class Spending on Creating Memories

    Features Market + Consumer

    In a country quite as large as India, it’s hard to identify anything that actually counts as being in the 

    6-min

    Myntra Creates History by Acquiring Jabong!

    Insights Market + Consumer

    Finally the race to acquire Jabong is over and it’s Flipkart- owned Myntra that has emerged as the winner! With 

    IKEA-creche

    IKEA to Open Crèches for Female Employees in India

    Insights Market + Consumer

    In a move that is highly encouraging for women, the Swedish furniture giant, IKEA, has announced that it will open 

    You may also like
    news 3_Fotor

    For Turkey, International Women’s day is a myth

    Art + Culture Insights

    As the world is euphoric about celebrating International Women’s Day, and picks up epic ways to celebrate it, like the...

    news 1_Fotor

    Google doodle pays tribute to women with ‘One day I will…’ video

    Art + Culture Insights

    Google is celebrating International Women’s Day with a doodle that leads to a video that showcases women of every age...

    news 8_Fotor

    Edward Burtynsky wins Governor General’s Awards in Visual and Media Arts in Canada

    Art + Culture Insights

    Photographer Edward Burtynsky, painter and video artist Wanda Koop and film installation artist Mark Lewis are among those who won...

    Come here often? Let's make this easier.

    Get our weekly newsletter.