<ul><li>Apple is set to build its third retail store in India, leasing a space of 8,000 square feet in the Phoenix Mall of Asia in Bengaluru.</li><li>The tech giant will pay an annual rent of 2.09 crore ($244,000) for the space, in addition to a revenue share for the first three years.</li><li>Apple currently operates two stores in India and an online store, with plans to open more retail locations in the country by 2025.</li><li>India is a significant market for Apple, with plans to increase iPhone production in the country and sell India-made iPhones in the United States to avoid tariffs.</li></ul>

Apple bringing a new retail store to India

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