Apple must reapply for approval to open retail stores in India - CNET

Apple must resubmit an application to open retail stores in India as the govement relaxes rules on sales in the world's second-largest country, according to a report.

Earlier this week, India revamped rules requiring foreign companies to source at least 30 percent of their components in the country to be eligible to open single-brand stores. The relaxed rules raised the prospect foreign companies, like Apple, would be allowed to set up shop.

The iPhone maker must now resubmit its application to open retail outlets in India, the Times of India reported on Tuesday, citing an uamed govement official. Approval will likely hinge on whether Apple's products are deemed "cutting edge," the report said, adding a govement body will examine each case individually.