Apple mulls an online retail, 2-3 physical stores in India

Apple mulls an online retail, 2-3 physical stores in India

While the company has remained mum on the locations of its stores, reports suggest that Mumbai could become home to India's maiden Apple retail store.

AgenciesUpdated: Monday, September 02, 2019, 09:28 AM IST
article-image

New Delhi: According to sources privy to the development, Apple has conveyed to the government its plans to set up physical as well as an online store, in line with its 'global experience' centres for Apple-branded products.

While the company has remained mum on the locations of its stores, reports suggest that Mumbai could become home to India's maiden Apple retail store.

The move comes at a time when global smartphone manufacturers have reiterated their commitment to the Indian market and are looking to significantly ramp up their manufacturing capabilities India.

Apple, which works with Taiwanese contract manufacturer Wistron in India, currently makes iPhone 6S and 7 here. One of the sources said Apple is looking at assembling more models in the country. Apple did not respond to a query on this issue.

In a major push to single-brand retail, the government last week had relaxed FDI norms, offering players more flexibility on local sourcing norms. It also did away a provision that required companies to mandatorily set up a brick-and-mortar store before getting into online retail trading.

Following the announcement, Apple had said it is keen on offering online and in-store experiences to Indian users that are at par with its global standards and aims to open its maiden retail store in India.

While the company has remained mum on the locations of its stores, reports suggest that Mumbai could become home to India's maiden Apple retail store.

RECENT STORIES

What The Union Budget Means For India’s Youth
What The Union Budget Means For India’s Youth
93% Of Travellers Link In-Flight Comfort To Post-Landing Well-being, 60% Flyers Willing To Pay Extra...
93% Of Travellers Link In-Flight Comfort To Post-Landing Well-being, 60% Flyers Willing To Pay Extra...
PFC–REC Merger Likely To Boost Renewable Financing, Strengthen Grid Funding And Expand...
PFC–REC Merger Likely To Boost Renewable Financing, Strengthen Grid Funding And Expand...
Godrej Consumer Q3 Profit Surges 62% QoQ To ₹529 Crore, Revenue Grows 5% YoY To ₹3,694 Crore
Godrej Consumer Q3 Profit Surges 62% QoQ To ₹529 Crore, Revenue Grows 5% YoY To ₹3,694 Crore
Will Raising STT Actually Stop Speculation?
Will Raising STT Actually Stop Speculation?