US tech giant Apple has announced it will be opening its first physical store in India, signalling the company’s confidence in the country as both a market and a manufacturing base. The retail outlet will be in Mumbai and will open in 2021, according to a statement from the company. India is one of the world’s fastest-growing smartphone markets and a crucial hub in Apple’s supply chain; the country’s government has also been pushing for the tech industry to play a greater role in the economy. Although Apple has been in the Indian market since 2017, selling products through resellers, this move marks a significant investment in the country.
Today: November 30, 2023