There’s little question that Apple wants to sell iPhones in India, but so far the plane to sell refurbished used iPhones has met with stiff resistance from the government. Manoj Kumar on Step 1; stores:
The finance ministry’s foreign investment promotion board (FIPB), which clears foreign direct investment applications, has asked the iPhone maker to sell at least 30 percent locally sourced goods if it wished to open shops in India.
What about used iPhones?
India last year exempted foreign retailers selling “state of the art” or “cutting edge technology” from the sourcing rule, which states that 30 percent of the value of goods sold in a shop should be made in India.
Apple didn’t make the cut. More palms will need to be greased.