Apple set to open in India

Prime minister Narendra Modi is clearing the way for Apple to open its first retail store in India after repeated delays, according to people familiar with the matter.

Mr Modi’s cabinet is likely to approve a three-year exemption on local-sourcing requirements for foreign single-brand retail companies with “cutting-edge technology,” according to the people, who asked not to be identified due to rules for speaking with the media.

At the same time, the government will make it easier for companies like Apple to meet that criteria, the people said.