Business Standard

Apple to start online sales in India soon with local sourcing rules eased

The new investment rules could provide a boost to Apple, allowing it to grow sales in the country and possibly help it reduce its dependency on China by building an alternative supply chain in India

Apple
Premium

Saritha Rai | Bloomberg
Apple Inc is poised to start online sales of its devices in India within months, a person familiar with the matter said, benefiting from new rules making the world’s fastest-growing smartphone market more attractive to foreign brands.

On Wednesday, India eased rules that forced companies such as Apple to source 30% of their production locally -- a requirement the iPhone maker has been lobbying against for years -- to include exports as part of the requirement. 

That rule posed a problem for electronics brands because most of its devices and components are manufactured in China. The government also allowed so-called

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2019 | 8:02 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com