Apple is opening its first official store in India today, starting with Mumbai, followed by a store in Delhi two days later. The two-storey Mumbai store is inspired by the city’s iconic kaali-peeli taxis. The store’s launch comes as Apple celebrates more than 25 years in India, and the company has designed its stores to resonate with local look and feel. The company started manufacturing iPhones in India in 2017 through its contract manufacturers. The launch of Apple’s first retail store in India has been a subject of great interest since 2019, when the Indian policymakers warmed up to the idea of welcoming foreign direct investment in single brand retail.Apple CEO Tim Cook expressed his excitement about the opening of the company’s first official store in India, stating that India has a beautiful culture and an incredible energy.
He also mentioned that Apple is committed to supporting its customers in India, investing in local communities, and working together to build a better future with innovations that serve humanity. This statement reflects Apple’s commitment to the Indian market and its desire to contribute positively to the country’s development.The Indian government relaxed rules for foreign direct investment (FDI) in single-brand retail in 2019, paving the way for companies like Apple to open their own branded stores in the country. Prior to this, foreign companies had to source 30% of their product components locally, which was seen as a major hindrance for brands like Apple who primarily rely on imported products. This move was aimed at boosting the economy and creating jobs in the retail sector.
