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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


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

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

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