Tim Cook meets Modi, underlines Apple’s growth project in India
New Delhi, Apr 19 (EFE).- Apple is committed to growing in India and increasing its investment in the country, the tech giant’s CEO Tim Cook said on Wednesday during a meeting with Indian Prime Minister Narendra Modi in New Delhi.
“Thank you Prime Minister @narendramodi for the warm welcome. We share your vision of the positive impact technology can make on India’s future — from education and developers to manufacturing and the environment, we’re committed to growing and investing across the country,” Cook tweeted after meeting Modi.
Cook is on an India visit during which he opened the company’s first physical store in the country on Tuesday in Mumbai, a definitive step as part of the multinational company’s plans to establish a foothold among a population that is set to overtake China this month according to the United Nations.
“An absolute delight to meet you, @tim_cook! Glad to exchange views on diverse topics and highlight the tech-powered transformations taking place in India,” Modi responded in a tweet.
The second Apple Store of the country is set to be inaugurated in New Delhi on Thursday, marking over 25 years of the company’s presence in India.
Beyond the direct sale of its products, Apple’s projects in India include a training center for mobile app developers for its iOS operating system, located in the southern city of Bengaluru, and the assembly of their smartphones in plants in the country, which generate almost 900,000 jobs.
Apple tripled its iPhone manufacturing in the last fiscal year, according to a report published by Bloomberg that cited sources in the knowhow.
The current trend could result in the company manufacturing one in four iPhones in India by 2025, according to a report by financial services firm JP Morgan published late last year.
Although the high price of Apple products has kept it out of the top five most popular phone companies in the country, the company dominates the “luxury” sector with a market share of 60 percent in 2022, according to the International Data Corporation. EFE