‘Apple did not justify enough to get exemption from mandatory local sourcing’

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 has hit a roadblock 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 Fin