"Apple Inc. may open its own shops following the Indian government allowing full ownership of single-brand retail stores by foreign companies"
These words were said by the DIPP(Department of Industrial Policy & Promotion, Indian Government.)
Indian government has recently allowed 100% FDI in Single-brand retail, paving way for Apple stores to come to India. According to the policy, and foreign brand must source atleast 30% of their total revenue from Indian companies. This will not be too hard for Apple in India, because there are many software companies in India from which 30% of total revenue can be sourced.
Apple currently has stores only in a few countries, including US, UK, China, Germany, France and Japan. India might soon join that club, very good news indeed!
Apple recorded a 3x rise in revenues from India this year. Apple products are currently sold in India by 'Authorized Resellers', and there is no store owned by Apple in India. Apple wanted to enter India in 2006 by setting up Customer Care Centers, but this was abandoned.
Apples store are characterized by glassy and unique designs, which reflects the design of their products.
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