India opens the door for Apple retail with new foreign investment rules

By Himank Sharma MUMBAI (Reuters) – Apple Inc could open its first stores in India and might eventually start manufacturing in the country under new foreign investment rules for retailers outlined on Monday. India is the world's fastest growing large smartphone market with sales expected to rise over 25 percent this year. For Apple, which has less than a two percent share in the smartphone market in the country, gaining a bigger footprint in India is crucial at a time when growth in China and the U.S. has stalled.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply