Apple and its main manufacturer Foxconn are negotiating with the Indian government over the possible establishment of a manufacturing plant and retail stores in the country.
This is according to reports on the AppleInsider.com website, which quotes India’s Economic Times newspaper.
Indian business regulations require foreign companies to source at least 30 per cent of their goods from local suppliers, a requirement which has stalled Apple’s plan to open up a number of stores in the country of 1 billion people. [Read more…] about Foxconn and Apple negotiating with Indian government on manufacturing and retailing