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Soon buy your iPhone and iPad at your own swanky neighbourhood Apple store in India!

Soon buy your iPhone and iPad at your own swanky neighbourhood Apple store in India!
Apple has sought permission from Department of Industrial Policy and Promotion (DIPP) for opening its own stores in India.

The proposal has been sent to DIPP, however, there is no mention of the investments.

Apple wants to make the most of foreign direct investment rules on single-brand retail.

Apple, whose sales in India crossed $1 billion the year ended March 2015, is focussing in India. It is expanding retail network and going aggressive on marketing.

According to results filed with the Registrar of Companies, Apple posted 44% increase in sales at Rs 6,472.89 crore for 2014-15, up from Rs 4,500.35 crore a year earlier, and its net profit doubled to Rs 242.85 crore from Rs 119.48 crore.

(Image: Reuters)

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