Apple Said to Be on Course for Approval to Open India Stores
- Company said poised to qualify for easier local sourcing rules
- Apple sees potential to expand small share of major market
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Apple Inc. is on course to win clearance to open its first retail stores in India, a person with knowledge of the matter said, as Chief Executive Officer Tim Cook seeks growth opportunities in a nation of 1.3 billion people.
The Indian government plans to push through Apple’s application to set up outlets, the person said, asking not to be identified as the information isn’t public. The company is resubmitting the request as it wasn’t in the right format, the person said, without giving a time-frame for final approval.