Apple’s CEO Tim Cook Confirms Company Looking to Open Official Retail Stores in India

Apple’s CEO Tim Cook has recently conformed that Apple is in early stages to bring its official retail stores in India at a townhall meeting.

Tim Cook said that 4G LTE networks are still not accessible in every developing market and company looks it as an new opportunity to expand its products to such areas.

Cook confirmed to news reports that Apple has filed for regulatory approval to open its own premium retail stores in India. Last month Apple was in news to had applied to set up its own stores in the country which company itself has confirmed later.

He also said that company was in the early stages of establishing its retail stores in India and the market would be crucial for the growth of the company in the next decade. Currently Apple sells its all variant of iPhone, iPad, Mac, and other products through third-party resellers in the India.

According to reports Apple representatives have held talks with some of Indian governments officials about a relaxation of the 30% local-sourcing rule. It is also believed that Indian Prime Minister Narendra Modi’s visit to the United States last year where he met with top Silicon Valley executives including Apple’ CEO Tim Cook, may have played an contributory role in Apple’s growing focus in the country.

Apple doesn’t have its own retail stores in India, rather company have been selling its products through partnerships with premium hardware resellers and big retailers. But as the Indian government has made an easy rules in FDI Apple will be able to open its own retail stores in India.