Apple can still get exemption from local sourcing norms

Apple has turned to India to reverse slowing global sales. According to a Morgan Stanley report in April, India is expected to beat the US to become the second-largest market for smart phones next year. The finance ministry’s rejection of an application by Apple, seeking waiver of local sourcing norms so that it can set up its own retail outlets, may not be the end of the road for the American tech giant in India.
The company can still seek exemption if it believes it has a strong case, w