US tech giant Apple is reportedly setting up its online selling platform and three of its iconic retail stores across major cities in India in the next three years with an investment of around Rs 1,000 crore. The first store is likely to come up in Mumbai followed by Delhi, and a third location is yet undecided.
The development has come a day after the government eased FDI rules around Single-Brand Retail Trade (SBRT) by allowing exports. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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