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Technology Stocks : Apple Inc.

AAPL 271.01

-0.3%

Jan 2 9:30 AM EST

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From: Moonray	2/25/2014 8:19:37 AM
	of 213177

Apple Blocked by the Indian Government to Open Apple Stores Yesterday we reported that Apple and Samsung had met to fight India's out of control online megastore price slashing." Last night we learned that one of the ways that Apple wants to beat online price slashers is to have an Apple presence in India via their own line of Apple Stores. While Apple works with a number of large distributors in India today, they're asking the Indian Government to relax their rules that are currently blocking them from opening their own branded stores as they have around the globe. According to a new Indian report published by the Business Standard in New Delhi, Apple has asked the Indian government "to relax the local sourcing clause in its policy on foreign direct investment (FDI) in single- brand retail. Though government officials seem to have ruled this out for now, the proposal has not yet been closed." More at: patentlyapple.com o~~~ O

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