Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

Re:Apple Not Able to Open Stores in India Without Selling 30... by pcurve on Wednesday May 25, 2016 @05:44PM (#11773380)

oh no definitely not. For company product aggregate.

http://www.franchisetimes.com/May-2015/How-Indias-investment...

'All multi-brand retail operations with FDI must be locally sourced with at least 30 percent of the value of manufactured/processed products from Indian “small industries,” which have a total investment in plant and machinery not exceeding U.S. $1 million. '

Quite a tall order still.

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Re:Apple Not Able to Open Stores in India Without Selling 30... by ikeboy on Wednesday May 25, 2016 @05:47PM (#11773402)

But then how can you know how much will sell ahead of time?

Suppose I have exactly two products, one fully sourced from India, one sourced elsewhere. The legality depends on whether the first sells more than a 7:3 ratio over the second, which can't be determined before actually selling.

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Re:Apple Not Able to Open Stores in India Without Selling 30... by pcurve on Wednesday May 25, 2016 @05:59PM (#11773470)

You're right and I don't know the details. But I assume you'd have to provide plausible sales projection data to the authority, and then have periodic audits.

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