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Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

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Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#51

Post by maskedinvader »

esterly wrote: post #42
argonaut wrote: post #34

Earlier quoted context omitted.

Your links cites a report that itself gets its numbers from the "Global Trade Alert," which is an org that aggregates a variety of trade-related actions published by the governments of each country. Only a fraction of these are actually related to governments being protectionist. A huge number of these "actions" appear to be petitions by companies inside a country for trade investigations against other companies or n…

Agreed. Friends use an up vote for this parent.

why is this downvoted ? I didn't read this as an endorsement to upvote but rather as witty response to @argonaut , unless i'm missing something else entirely here and the downvotes are warranted.

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#52

Post by stcredzero »

Aaronontheweb wrote: post #48
Endy wrote: post #44

I'm totally in support of this policy. Controlling companies and making sure they understand clearly that they exist only at the pleasure and the whim of the government is the only way to bring our world back from the corporatist brink.

> Controlling companies and making sure they understand clearly that they exist only at the pleasure and the whim of the government Worked out well for the Soviet Bloc

So much fervor for the rights of a government created legal fiction?

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#53

Post by morgante »

sokoloff wrote: post #49
wrong_variable wrote: post #13

Before people get out their pitchforks. These laws in India are a direct result of 200 years of British 'free' trade. Imagine the amount of damage something like NAFTA has done to the american working class - multiply that with 200 years. While america was in its infancy - before it industrialized - it too used protectionism as a way to allow its local industries to grow, how is it bad if India is trying to do the sa…

> interesting statistic - 85% of student loans in India is under water ( compared to 50% in america ) What does "loan under water" mean in this context? In a collateralized loan context (car or house), "under water" means that the borrower owes more than the market value of the collateral.

I suspect that the GP simply meant that 85% of Indian loans are past due.

Rhetorically, you could consider them as being underwater if the asset purchased (human capital) isn't providing sufficient value (income) to service the loan.

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#54

Post by maskedinvader »

sokoloff wrote: post #49
wrong_variable wrote: post #13

Before people get out their pitchforks. These laws in India are a direct result of 200 years of British 'free' trade. Imagine the amount of damage something like NAFTA has done to the american working class - multiply that with 200 years. While america was in its infancy - before it industrialized - it too used protectionism as a way to allow its local industries to grow, how is it bad if India is trying to do the sa…

> interesting statistic - 85% of student loans in India is under water ( compared to 50% in america ) What does "loan under water" mean in this context? In a collateralized loan context (car or house), "under water" means that the borrower owes more than the market value of the collateral.

think he means student loans with collateral not doing well due to variety of reasons defined here [1] and I think you are thinking about underwater mortgages as defined here [2] 1. http://goo.gl/21TmQm 2. http://goo.gl/UVNIFr

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#55

Post by morgante »

alistairSH wrote: post #7
justinlardinois wrote: post #3

> Apple was expected to receive an exemption from the rule, earning a recommendation from country's Department of Industrial Policy and Promotion, but the ministry of finance has decided Apple's products do not fall into the cutting-edge technology category. A source told Reuters Apple did not provide enough material to justify the exemption. So did Apple just submit a crappy application? Or is the ministry not follo…

How do Apple's products qualify as "cutting-edge technology"? Or, phrased differently, would Samsung also qualify? HTC? LG? What differentiates "cutting-edge" from "just another widget" in the consumer electronics sector?

> How do Apple's products qualify as "cutting-edge technology"?

If Apple does not qualify as "cutting-edge technology" then what does?

If a store is selling to consumers, it's inherently going to be not at the very edge of development.

If Apple can't be approved for this exemption, this exemption makes no sense.

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#56

Post by geodel »

Irrespective of Apple being able open stores, one has to remember India is really tiny market for Apple widgets. There is no comparison to China in term of market size. Apple shipped around 1.7 million phone in India in 2015. This may look lot but going ahead I think they are going sell quite less than that as there is no 2 year upgrade cycle.

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#57

Post by x0x0 »

alistairSH wrote: post #7
justinlardinois wrote: post #3

> Apple was expected to receive an exemption from the rule, earning a recommendation from country's Department of Industrial Policy and Promotion, but the ministry of finance has decided Apple's products do not fall into the cutting-edge technology category. A source told Reuters Apple did not provide enough material to justify the exemption. So did Apple just submit a crappy application? Or is the ministry not follo…

How do Apple's products qualify as "cutting-edge technology"? Or, phrased differently, would Samsung also qualify? HTC? LG? What differentiates "cutting-edge" from "just another widget" in the consumer electronics sector?

cutting-edge == the right people get paid

Hence the visit from the ceo of apple to the pm.

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#58

Post by wrong_variable »

kapilkaisare wrote: post #46
wrong_variable wrote: post #13

Before people get out their pitchforks. These laws in India are a direct result of 200 years of British 'free' trade. Imagine the amount of damage something like NAFTA has done to the american working class - multiply that with 200 years. While america was in its infancy - before it industrialized - it too used protectionism as a way to allow its local industries to grow, how is it bad if India is trying to do the sa…

Sorry for nitpicking, but: s/pions/peons s/gaurds/guards

thanks !

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#59

Post by wrong_variable »

sokoloff wrote: post #49
wrong_variable wrote: post #13

Before people get out their pitchforks. These laws in India are a direct result of 200 years of British 'free' trade. Imagine the amount of damage something like NAFTA has done to the american working class - multiply that with 200 years. While america was in its infancy - before it industrialized - it too used protectionism as a way to allow its local industries to grow, how is it bad if India is trying to do the sa…

> interesting statistic - 85% of student loans in India is under water ( compared to 50% in america ) What does "loan under water" mean in this context? In a collateralized loan context (car or house), "under water" means that the borrower owes more than the market value of the collateral.

Essentially for some reason or other the loans are not being repaid - and mostly likely wont be repaid due to high unemployment among the people who took the loan.

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#60

Post by dxbydt »

notahacker wrote: post #35
dxbydt wrote: post #33

Earlier quoted context omitted.

What's really going on in India ? You paint a pretty bleak picture. Then I read firsthand reports by someone like yummyfajitas who lives and works there - https://news.ycombinator.com/reply?id=11766615&goto=item%3Fi... According to that, it is the US that's in the dumps. India has jobs for everyone at every level, whereas in the US people are living in filthy homes because maid service too expensive because $15 minim…

India has jobs for everyone at every level if you consider "temple beggar" to be a job and wizened old women in their sixties to be appropriate people to be doing road maintenance. $200 dollars per month sounds like an unusually generous salary for unskilled labour there too - engineering degree or no engineering degree. Of course, it also has plenty of opportunities for a growing middle class that didn't exist for t…

Yeah, I'm not so sure.

On the one hand, there's stuff like this - https://twitter.com/pankaj/status/729417379730448384

Here you have SF entrepreneurs with vastly more capital & information than the average person in the US buying one way tickets to India.

Just last week, I had coffee with a YC founder who mentioned casually that "YC16 has dozens of startups out of Bangalore". He had conducted mock interviews for the accepted candidates & he was very excited for them & the Indian ecosystem. One or two companies is an outlier, but dozens ? That's a gamechanger.

At the same time you talk of "temple beggar jobs and 60 year old women doing road maintenance".

Am honestly unable to reconcile these opposing narratives.

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