25-05-2016 23:44 via indianexpress.com

Apple did not justify enough to get exemption from mandatory local sourcing: Official

At present, Apple does not have any wholly-owned store in India and sells products through distributors such as Redington and Ingram Micro.
Apple Inc’s plan to set up wholly-owned retail stores in India was flagged down as the company could not adequately substantiate the reasons for seeking a relaxation under the mandatory local sourcing applicable for foreign direct investment in single-brand retail. The Foreign Investment Promotion Board (FIPB), which comes under the Ministry of Financ
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