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Title: Apple plans to set up stores in India Post by: HCK on January 21, 2016, 03:00:15 am Apple plans to set up stores in India
<article> <section class="page"> <p> Apple has applied to the Indian government for permission to set up a wholly-owned store operated by the company, taking advantage of changing rules for retail in India.</p><p> The bid by Apple to set up a direct retail presence in India coincides with the company's move to strengthen its presence in a key market that is still seeing high growth in the smartphone market. The company's phones are currently sold through third-party retailers.</p><p> Indian rules currently allow 100 percent foreign ownership in "single-brand" retail stores if they source 30 percent of their products locally. But the government recently said it would consider on a case-to-case basis applications that do not meet the local sourcing requirement.</p><p class="jumpTag"><a href="/article/3024579/consumer-electronics/apple-plans-to-set-up-stores-in-india.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article> Source: Apple plans to set up stores in India (http://www.macworld.com/article/3024579/consumer-electronics/apple-plans-to-set-up-stores-in-india.html#tk.rss_all) |