There is still hope for Apple to open retail stores in India
Now, according to an anonymous sources talking to the Times of India (TOI), the government might grant Apple a grace period of two to three years, in order to give the company a chance to comply with the local legislation, during which time Apple will be permitted to sell products in its own retail stores. According to the sources, exempting Apple from the sourcing clause for a few years would give it time to begin partnerships with local vendors. Eventually, Apple will be expected to look at the option of manufacturing in India and to begin sourcing some components locally. TOI's sources also claim that Apple has begun buying chargers from the country and is already exporting them.
The Indian Ministry of Finance has argued that the mandatory “30 percent rule” for locally-sourced goods is needed for creating more jobs in the country. India is becoming one of the biggest foreign smartphone markets and tech comanies are striving more and more to expand their presence over there. Apple is no exception and its CEO Tim Cook recently met up with India's Prime Minister Narendra Modi to discuss Apple's future in the country.
Source: Times of India via SlashGear