Apple slated to open first official retail store in India
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Apple (NASDAQ:AAPL) said on Wednesday that it would open its first official retail store in India, located in the financial district of Mumbai.
The store, known as Apple BKC, was inspired by taxi art that's unique to the area, the company said.
A second store is set to be opened in New Delhi in the coming months.
Cupertino, California-based (AAPL) launched an online store in the country in 2020 but plans to open a brick and mortar location were delayed by the pandemic.
The company's products are currently sold in the country on e-commerce platforms and authorized resellers.
Apple (AAPL) has continued to place increased importance on India in recent memory.
One of the tech giant's manufacturing partners, Pegatron, is reportedly looking at building a second facility near Chennai. Pegatron has another facility in Tamil Nadu, which is responsible for producing some iPhone 14 units.
Last month, Apple (AAPL) and Foxconn successfully lobbied for more liberal labor laws in the Indian state of Karnataka.
In December, Apple (AAPL) discussed moving production of its popular iPad tablet to India.
The tech giant has been producing iPhone units in India since 2017, when it started with the iPhone SE.
Investment firm J.P. Morgan said last year that Apple (AAPL) could shift a quarter of its iPhone production to India by 2025.