Apple to invest Rs 1k crore in India to make a stronger presence in the market
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India is a huge market and to make its presence stronger there; Apple Inc is planning to invest Rs 1000 crore in the retail market. They are planning to open 3 retails stores there. Two of these stores will be opened in Mumbai and Delhi. They haven't decided the location for the 3rd store yet. Indian govt has relaxed the FDI rules for companies planning to invest here, and this move from Apple Inc came right after that.