The iPhonemaker does not plan to manufacture in India as of now, but is keen to open retail stores. After year eight, this local sourcing requirement will have to be met annually. In addition, the company does not want to commit to complying with local sourcing requirements. One arm of the government, the Department of Industrial Policy & Promotion (DIPP), had earlier said that Apple met the criteria and should not be subject to local sourcing norms. Apple's proposed retail initiative in India is being led by Angela Ahrendts, senior vice-president of retail and online stores, who reports to Chief Executive Officer Tim Cook .

Source: Economic Times July 07, 2016 20:15 UTC