OREANDA-NEWS. June 23, 2016. Apple must resubmit an application to open retail stores in India as the government 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 unnamed government official. Approval will likely hinge on whether Apple's products are deemed "cutting edge," the report said, adding a government body will examine each case individually.