Apple seeks permission for retail stores and e-commerce biz

Apple retail store

Apple retail store
US-based technology major Apple has sought permission from the India government to open single brand retail stores and also enter e-commerce business.

Apple does not have wholly-owned store in India and sells its products through distributors such as Redington and Ingram Micro.

According to media reports, Apple is planning to open 500 iOS stores for the Indian customers. This is company’s first major push that will include moving into smaller towns and cities.

The Indian smartphone market is dominated by the Korean vendor, Samsung.

Apple India has sent an application to the Department of Industrial Policy and Promotion (DIPP) to get the permission to open retail stores.

The development comes after the government relaxed the foreign direct investment (FDI) policy for single brand retailing, PTI reported.

The government may also relax the sourcing norms for entities undertaking single brand retailing of products having cutting edge technology and where local sourcing is not possible.

Single brand retailers are also allowed to take e-commerce route for such trading.

The company sells its products through Apple-owned retail stores in countries, including China, Germany, the US, the UK and France.

Vina Krishnan
editor@gizmolead.com