Apple In Talks With India To Manufacture Locally (reuters.com)

Apple is in talks with India's government to explore making products locally, the Wall Street Journal reported on Tuesday, as the U.S. firm aims to make deeper inroads in the world's second-largest mobile phone market by users. From a report: India Prime Minister Narendra Modi is trying to boost technology manufacturing in the country through his 'Make in India' initiative. His government in June exempted foreign retailers for three years from a requirement to locally source 30 percent of goods sold in their stores. The Journal said Apple, in a letter to the federal government in November, outlined manufacturing plans and asked for financial incentives.

Comments

Imagine if Trump announced that

[xxxJonBoyxxx]

>> His government in June exempted foreign retailers for three years from a requirement to locally source 30 percent of goods sold in their stores

Imagine if Trump announced a requirement that foreign retailers locally source 30 percent of their goods. The Republicans would fight it because "free trade" and the Democrats would fight it because "Trump == Hilter". But the bulk of Americans would probably support it...and that's why our political parties have lost their moorings.

Re:Imagine if Trump announced that

[ErichTheRed]

The only thing that matters to the macro-economy as a whole is employment. Unless you plan on replacing the entire "money as a store of value" system, you need a supply of all kinds of jobs across the employment spectrum to ensure money can flow. Otherwise, we see what's happening now -- the rich just hoard all the money and pull up the ladder behind them. The only measures of economic health that matter are employment and velocity of money. Trade is only beneficial when both countries are on the same economic footing.

India's regulations may seem harsh, but they do ensure that manufacturing remains a viable career path. The fantasy of turning everyone in the US into intellectuals and forcing everyone to go to college has to stop at some point. You need a 2-track system -- one way to a comfortable living is education and professional work, and the other is high-paying factory and trade work with a similar career path guaranteed by unions or similar devices.