With escalating trade tensions damaging ties between the US and China, New Delhi’s latest investment rules could provide a boost to Apple, allowing it to grow sales in the country and possibly help it reduce its high dependency on China by building out an alternative supply chain in India. — AFP
Apple Inc is poised to start online sales of its devices in India within months, a person familiar with the matter said, benefiting from new rules making the world’s fastest-growing smartphone market more attractive to foreign brands.
On Aug 28, India eased rules that forced companies such as Apple to source 30% of their production locally – a requirement the iPhone maker has been lobbying against for years – to include exports as part of the requirement.
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