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.
Apple set to open first physical store in India
Apple has announced the opening of its first physical outlet in India, as it focuses on the country as a market and manufacturing base. The company has been present in the Indian market since 2017, but until now has sold its products through resellers. The retail outlet will be located in Mumbai and is expected to open in 2021.
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