Over the past six months, news of Apple's Apple Store to open in India continues to be reversed. Accessible one would say, one would say was rejected, it is unclear whether the local government really agree with Apple's Apple Store opening program. However, according to a recent report, India is the opening of Apple Store is really steady. Bloomberg reports today said Indian Prime Minister Modi and his cabinet members have agreed to Apple's plans:
"Modi Cabinet on Wednesday as foreign retail brand opened a green light, eliminating the need to purchase original parts local requirements. This is a green light for those with 'cutting edge technology' brand, a duration of three years."
Prior to this, the local government gave the Indian media claiming that Apple opened Apple Store terms are: Apple does not allow local production or procurement of components for a maximum of eight years, which in turn are divided into specific 3 years + 5 years in two phases. The first three years, Apple may conduct their business as usual - including the Apple Store Business. If Apple can prove that after five years the local technical conditions is not enough to produce their own products, parts or is not up to standard, then it will also be added to five years before the time limit.
Although India for Apple's revenue contribution is still small, but with a huge population base in the country and the growing number of middle class, now more and more multinational companies have taken a fancy piece of fat Indian. Apple, Tim Cook has stated repeatedly that India will become the next China, the growth of Apple's most important overseas markets. Last September, Cook and even personally went to India and met Modi.