Apple Tries to Sell Used Phones in India

CNBC reports that Apple‘s application to sell refurbished iPhones  — aimed at boosting sales in India and countering a slowdown of its sales  in China — has yet to be approved, as India typically requires single-brand retailers to source at least 30 percent of their raw material needs from local suppliers. Currently, Apple sells products in India through distributors.

India’s minister of finance, Arun Jaitley, told CNBC in an interview, “Now am I to be concerned with job creation or not? Or am I only to allow foreign companies to sell products in India and not create jobs in India?” Exceptions could be made in certain cases of specific high-technology areas, and the government would take a call on whether Apple’s application met this criterion or not, he added.

Jobs creation is a key component of  the “Make in India” initiative promoted by the government to encourage foreign manufacturers to set up shop in India.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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