Apple Stores likely in India

By VARINDIA - 2012-10-01

Apple Stores likely in India

The two senior executives who have business relations with the California-based company in India has revealed that Apple further plans to set up its own stores in India, if the Indian government eases local sourcing conditions. The brand has, however, refused to comment on its India plans or whether it would ask the government to provide flexibility with regard to local sourcing rules.

 

Tim Cook, CEO, further explained that the multi-layered distribution in India adds to the cost of bringing products to the Indian market.

 

It is also believed that, traditionally, India has not been a high-priority market for Apple, and it takes months before its newly-launched products start selling in India officially through re-sellers.

 

According to the official, the growing popularity of iPhones, iPads, and other Apple products in India was provoking the company to increase its engagement with the country.

 

"Undoubtedly, Apple is interested in setting up its own stores now that the demand for its product has increased. But it wants some flexibility in the 30 per cent sourcing norms. At present, it does not buy anything from India nor is it likely to source anything immediately, apart from IT services," one of the executives said.

 

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