India is easing sourcing norms for single-brand retailers like Apple

https://techcrunch.com/2019/08/28/india-foreign-direct-investment-fdi-rules-apple/

by jmsflknr • 7 years ago

73 53 7 years ago

techcrunch.com

ironchief2• 7 years ago

Apple - We can't make iPhones in the US and tariffs don't work

Also Apple - Tariffs made us move production to Brazil and India.

lern_too_spel2• 7 years ago

This isn't about manufacturing.

ironchief2• 7 years ago

“To boost sales in India, Apple has started to assemble several iPhone models locally and reached a stage where it can begin to export to overseas markets phones produced in India. Assembling phones in India allows Apple — as it does to other phone makers — to enjoy some tax benefits that Narendra Modi’s government provides.“

m0zg3• 7 years ago

Now is the golden opportunity for India to do exactly what they did. Seems like China is trying to wait Trump out and see someone else in the WH to whom they could dictate the terms and tell through which exit of the Airforce One they need to go. But that outcome seems increasingly unlikely as time goes on, so big businesses are coming to Jesus wrt workforce diversification. That's a good thing. India could use some of that sweet, sweet economic growth too.

avocado42• 7 years ago

The problem with waiting for another president is that both Democrats and Republicans hate China alike. And China can't afford to wait because they are sitting on a demographic time bomb due to 1 child policy (10 years left or so). So I do think Xi's approach is going to undo a lot of progress that China has made under previous presidents (when they still had a concept of term limits).

I'm really rooting for India here, the largest democracy with fast growing economy and very young population. Even if 21st century is going to be dominated by Asia I'd rather see India take the leading role than China. Among other things it would also make sure that East Asian disdain for darker skinned people and China's obsession with surveillance won't become a dominant global culture.

Despegar2• 7 years ago

Among other things it would also make sure that East Asian disdain for darker skinned people

India is no panacea on this front. Modi is a Hindu nationalist and if you're expecting India to be a democracy in the vein of Western liberal democracy with enlightenment values, you're in for a surprise.

m0zg3• 7 years ago

Biden's son got > $1B from the Chinese not so long ago to run a private equity firm. If anyone thinks he's got that money for his good looks, they're very naive. The Chinese got Joe by the balls, he's very "friendly" to them, publicly as well. And Bernie can't tell a business negotiation from a hole in the ground. Those two are the most likely candidates at the moment.

Needless to say, the "CEO move" of the next person in the WH will be to "undo" just about everything the previous president has accomplished, and this in particular will be reasonably easy to undo (because the other side is eager to return to the status quo whereby they just steal our IP and fleece us to the tune of hundreds of billions of dollars a year through currency manipulation). On top of that the next president will be under intense pressure from their corporate donors to undo it.

hanniabu• 7 years ago

due to 1 child policy (10 years left or so)

If I understood this comment correctly, after another 10 years the 1 child policy will no longer be in effect? What are the chances it'll be extended? What are they doing to prepare for the population boom?

birdyrooster• 7 years ago

I would walk back the commentary about Democrats and Republicans hating China. They have issues with China’s government, but it’s unfair to lump all of Democrats, Republicans and China into a single sentence.

gingabriska4• 7 years ago

India has habit of being at the golden opportunity than missing it completely.

The problem with India is that internal demand for products is negligible, people aren't spending, everyone's saving! And a lot of people don't have employment. It's overburdened by taxes.

Country has many manufacturers but no retailers willing to sell the produce.

Country is developing very fast, when you can't buy pvc pipe, MDF, custom cut glass online?

There is no company selling screws online in India, strange!

Local businessmen do not want to take any risk.

When internal demand and supply is dead. Opening market for iPhones gonna put downward pressure on currency.

I am not saying, it's a bad move. It's welcomed move, I suggest India open its market for foreign manufacturers and companies, so that they are able to sell here anything duty free.

But this will lead to a massive correction on the currency value which is long overdue.

If currency loses it value entirely, I think the government will mandate private household gold be sold to the government at fixed rate set by government which will be used to pay for gas/petroleum import once the currency tanks.

India's currency will definitely tank if it opens itself up.

But there is massive amount of household gold which can be used to support the currency and bring it back up.

This will honestly make people more equal specially in country where there are many havenots, strengthening the currency should be lot more important.

Annexing private gold holding should be next big step after demonetization.

dragonsh3• 7 years ago

India theoretically could have taken advantage of trade war. But for that to happen it needed 3 things:

1. Skilled workforce

2. Infrastructure

3. Rule of law

Present India lacks all 3 in one or the other way and indeed moving towards authoritarian government with shutting down internet at will, arresting people for post critical of govt or it's ministers [1] [2] [3] [4]. Looking at what's happening with economy, fudging economic numbers, large young unemployed youth, faltering manufacturing sector. These are ticking timebomb.

Obviously the major beneficiary has been south east Asia, especially Vietnam. Not sure India can take advantage.

[1] https://en.m.wikipedia.org/wiki/Internet_censorship_in_India

[2] https://www.bbc.com/news/world-asia-india-46631911

[3] https://www.theguardian.com/world/2014/jun/13/indian-police-...

[4] https://m.hindustantimes.com/india-news/arrested-over-a-face...

sbmthakur5• 7 years ago

If currency loses it value entirely, I think the government will mandate private household gold be sold to the government at fixed rate set by government which will be used to pay for gas/petroleum import once the currency tanks.

Which section of the Constitution permits the Government to do that?

munk-a2• 7 years ago

That's an intensely newspeak usage of "liberalizes".

jmsflknr2• 7 years ago

TechCrunch is only focusing on the tech part. Reuters, Bloomberg are also going with 'liberalizing' in their stories. Besides, every global company has been lobbying for these relaxations so it is liberating!

scarejunba• 7 years ago

Why is that? It's a relaxation of regulation, and that's commonly called economic liberalisation. See https://en.wikipedia.org/wiki/Economic_liberalisation_in_Ind...

WaxProlix• 7 years ago

Probably doesn't know where the term 'liberal' comes from. In America it's fairly common to have alternate meanings attached to these kinds of words.

sharadov• 7 years ago

This is hardly news, they're just letting them sell phones online.

jmsflknr2• 7 years ago

That is not it.

India is easing sourcing norms for single-brand retailers like Apple

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