Apple has committed to the centre that it plans to invest Rs 1,000 crore to set up an online selling platform and to open up its iconic stores across India, reports The Economic Times.
On Wednesday (28 August), the government announced its decision to allow cent per cent Foreign Direct Investment (FDI) in the single-brand retail sector.
The company, while lauding the centre’s decision on FDI norms in the sector, appraised its support base in India and stated that its plans to welcome customers to India’s first Apple-owned retail store.
In a statement, Apple said: “We love our customers in India and we’re eager to serve them online and in-store with the same experience and care that Apple customers around the world enjoy.”
The company plans to open its first such store in Mumbai, followed by New Delhi. The third location of the store is yet to be decided, a source from the government familiar with the company’s plans said.
Comments ↓
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
