India says Apple must sell locally-sourced goods to set up stores: source

India has said Apple Inc must meet a rule obliging foreign retailers to sell at least 30 percent locally-sourced goods if it wishes to open stores in the country, a senior government official told Reuters. Apple is hoping to expand its retail presence in India, one of the world's fastest-growing smartphone markets, at a time when sales in the United States and China have slowed. A change in legislation last year exempted foreign retailers selling high-tech goods from the rule, which states 30 pe