Indian Prime Minister Narendra Modi (right) meets with Apple CEO Tim Cook during a meeting in New Delhi on May 21, 2016.-AFP
New Delhi (AFP) - Apple faces a roadblock in its quest to open stores in India after the finance minister decided it must comply with tough local sourcing rules, a report said Wednesday, days after a visit by chief executive Tim Cook.
India will not exempt Apple from regulations stating that foreign single-brand retailers must buy at least 30 percent of their parts locally if they want to open outlets, the Bloomberg report said.
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