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Apple Seeks Government Nod to Set Up Retail Stores in India

Thomson Reuters

Mumbai: Apple Inc has filed an application with the Indian government to set up its retail outlets in one of the fastest growing smartphone markets, a spokesman for the Cupertino-based company said on Wednesday.

Apple's retail expansion plans in India comes at a time when concerns about slowing growth in the US and China, the world's most important market for smartphones, have weighed on the company's stock in the last few months.

The company currently sells its iPhones, iPads and Macs in India through third party resellers.

Mumbai: Apple Inc has filed an application with the Indian government to set up its retail outlets in one of the fastest growing smartphone markets, a spokesman for the Cupertino-based company said on Wednesday.

Apple's retail expansion plans in India comes at a time when concerns about slowing growth in the US and China, the world's most important market for smartphones, have weighed on the company's stock in the last few months.

The company currently sells its iPhones, iPads and Macs in India through third party resellers.

© Thomson Reuters 2016

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