As certain gaps were found in the initial proposal Apple, a world renowned brand known as maker of popular iPad and iPhone devices, has been requested to submit a fresh application for opening single brand retail stores in the country.
The Department of Industrial Policy and Promotion (DIPP) has explained the gaps to the company and wants them to submit a fresh application, seeking more information on their proposal for further processing.
It was last month that Apple had filed its proposal seeking permission for single brand retailing to sell its products online. However, the company had not mentioned the amount of investment and number of stores it wants to open.
The Commerce and Industry Ministry could excuse the company from local sourcing norms as the US-based giant makes 'state-of-the-art' and 'cutting edge' technology products.
Last year, the government had relaxed the foreign direct investment (FDI) policy for single brand retailing.
The government had said that it may also relax the sourcing norms for entities undertaking single brand retailing of products having 'state-of-the-art' and 'cutting edge' technology and where local sourcing is not possible. Single brand retailers are also allowed to take e-commerce route for such trading. At present, 100 per cent FDI is permitted in the sector, but beyond 49 per cent, FIPB permission is mandate.
Apple has no wholly-owned store in India and sells its products through distributors such as Redington and Ingram Micro. The company sells its products through Apple-owned retail stores in the following countries