Tim Cook's recent India visit and Government relaxing FDI norms cannot be just coincidence. Apple has been eyeing the Indian market and looking forward to open exclusive Apple stores.
Apple stores are one stop experience zones for all Apple products. The Government of India has now relaxed foreign direct investment now and allow 100% FDI in single-brand retail trading in the country among other sectors.
The decision was taken at a high-level meeting under the chairmanship of Prime Minister Narendra Modi on June 20.
And now the gates are open for Apple to come to India with Apple Stores. Apple has been selling their goods in India with Apple distributors and authorised retailers and following the highly priced Apple products they had a plan to sell refurbished iPhones in India. But the Indian government had turned down the refurbished iPhone model by the company recently.
The FDI decision will not only help Apple open up their stores in India but also help Chinese tech companies like Xiaomi, Le Eco and Huawei top open their own retail stores in India. Right now the Chinese smartphone companies majorly rely on e-commerce model to sell phones in India.
Retail stores will also help consumers take a look at the devices before they plan to buy them.
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