Inc42 Shots: Apple Outlines INR 1K Cr Investment To Establish Retail Presence In India
News

Inc42 Shots: Apple Outlines INR 1K Cr Investment To Establish Retail Presence In India

30 Aug'19 | By
THIS CONTENT IS ONLY AVAILABLE TO INC42 PLUS MEMBERS
Plus-New-Logo-300x63-2.webp

Become A Startup Insider With Inc42 Plus

Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.

Become a member

Unlimited Access

Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of 40,000+ stories.

Unlimited Access

Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of 40,000+ stories.

Become a member

Inc42 Academy

Exclusive, in-depth and actionable sessions from 300+ industry leaders, founders & operators to help you level up.

Inc42 Academy

Exclusive, in-depth and actionable sessions from 300+ industry leaders, founders & operators to help you level up.

Become a member

Startup Deals

Over $250,000 worth deals on software & tools to help your business scale up.

Startup Deals

Over $250,000 worth deals on software & tools to help your business scale up.

Become a member

Member-Only Events

Connect with editors and industry peers through our members-only community

Member-Only Events

Connect with editors and industry peers through our members-only community

Become a member

Clutter-Free Experience

Enjoy an ad-free and clutter-free experience as a member, focus on what really matters to you

Clutter-Free Experience

Enjoy an ad-free and clutter-free experience as a member, focus on what really matters to you

Become a member

Support Independent Journalism

Your contribution will go on to support and empower our unbiased & data-driven journalism

Support Independent Journalism

Your contribution will go on to support and empower our unbiased & data-driven journalism

join INC42 PLUS
Already A Member?
THIS CONTENT IS ONLY AVAILABLE TO INC42 PLUS MEMBERS
Plus-New-Logo-300x63-2.webp

Become A Startup Insider With Inc42 Plus

Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.

Unlimited Access

Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of 40,000+ stories.

Inc42 Academy

Exclusive, in-depth and actionable sessions from 300+ industry leaders, founders & operators to help you level up.

Startup Deals

Over $250,000 worth deals on software & tools to help your business scale up.

Member-Only Events

Connect with editors and industry peers through our members-only community

Clutter-Free Experience

Enjoy an ad-free and clutter-free experience as a member, focus on what really matters to you

Support Independent Journalism

Your contribution will go on to support and empower our unbiased & data-driven journalism

Choose Your Plan

3 YEAR PLAN
₹29999
₹9999
₹277/Month
Become A Member
Cancel Anytime
2 YEAR PLAN
₹19999
₹7999
₹333/Month
Become A Member
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Become A Member
Cancel Anytime
Join Now At ₹ 9999
Cancel Anytime
Already A Member?
Inc42 Academy Is Exclusive For Inc42 Plus Members

Become A Startup Insider

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

3 YEAR PLAN
₹29999
₹9999
₹277/Month
UNLOCK 66% OFF
Become A Member
Cancel Anytime
2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Become A Member
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Become A Member
Cancel Anytime
Grab Offer For ₹ 9999
Cancel Anytime
Already A Member?

Apple plans to invest INR 1,000 Cr in India to set up its first online retail platform and open three company-owned stores across major cities in the next two to three years. 

The development came after the government relaxed foreign direct investment (FDI) rules around single-brand retail trade for companies planning to invest and open stores in India. 

Apple appreciated the government’s move and said that it is working on plans to set up the first company-owned retail store in India, along with an online retail platform.