Apples are the lifeblood of Kashmir’s economy, involving 3.5 million people, around half the population of the state.
The government on Monday exhorted Apple to expand manufacturing base in India and use the country as an export hub.
NAFED will acquire more than 50 per cent of the apple from J&K farmers.
Earlier single-brand retailers with over 51 per cent FDI were required to source 30 per cent of the goods locally.
Apple, Wistron, Pegatron and Foxconn did not respond to a request for comment.
Govt will meet companies between Aug 26 and Sept 5 to suggest the best investment zones for their operations.
Goldman Sachs Group Inc officially became a credit-card lender on Tuesday by rolling out its first product with Apple Inc.
Apple’s MacBook laptops and iPhones would not face the additional tariffs until December 15.
The app will also offer tools for managing spending and suggest various payment amounts based on past payments and spending.
Apple clocked 1 per cent year-on-year growth in revenue at USD 53.8 billion for the quarter ended June.