Times of India:

It seems Apple CEO Tim Cook’s India visit didn’t go in vain. Decks have cleared for the setting up of Apple stores in India with the government announcing sweeping reforms to rules on foreign direct investment.

Apple is expected to be a beneficiary of a three-year relaxation India is introducing on local sourcing norms with an extension of up to five years possible if it can be proven that products are “state of the art”.

Solid news for Apple.