Mumbai, October 3: Apple India will open its first own India outlet in the commercial hub of Bandra Kurla Complex (BKC). The tech giant has chosen Maker Maxity mall, co-owned by Reliance Industries to open its first company-owned outlet, according to an Economic Times report.
Apple has reportedly leased around 20,000-25,000 sq ft space spread over three floors in the mall. The outlet is expected to open in September next year because Apple is importing the fixtures and furniture for its first outlet in the country. Apple to Sell Directly in India Via Its Own Online Store, Brick-And-Mortar Apple Store to Open in Mumbai Over Next 18 Months.
The development comes owing to the decision of the Indian government to ease its Foreign Direct Investment (FDI) norms for certain sectors in the country. The company recently said that it will also be launching its new own online store. Earlier the government rules forced companies like Apple to source 30 per cent of their locally in order to set up their online and brick and mortar stores in the country - a rule the tech giant was lobbying against for years. But with the new norms in place, companies like Apple can open their online stores in the country before setting up physical stores.
Apple at present sells its products such as iPhones, MacBooks and iPads in India via third party resellers and via e-retail platforms such as Amazon India and Flipkart.