NEW DELHI: US tech massive Apple may just double or triple investments in India, along side exports, over the following couple of years, a minister mentioned, as the corporate opened a 2d retailer on the earth’s largest smartphone marketplace after China.
Apple principally assembles iPhones in India thru Taiwan contract producers however plans to amplify into iPads and AirPods, because it seems to be to chop reliance on China.
Its iPhones made up greater than part of overall smartphones value about $9 billion exported from India between April 2022 and February, information from the India Cellular and Electronics Association presentations.
“I am very confident that this Apple-India partnership has a lot of headroom for investments, growth, exports and jobs – doubling and tripling over coming years,” Rajeev Chandrasekharthe deputy minister for info generation, informed Reuters.
His feedback got here after a gathering on Wednesday with Apple leader government Tim Cook within the capital, New Delhi.
Cook, who additionally met Prime Minister Narendra Modi, mentioned Apple was once “committed to growing and investing across the country”.
He inaugurated an Apple retailer in New Delhi on Thursday two days after opening its first outlet in Mumbai, the industrial capital.
“We’ve come here only to see Tim Cook,” mentioned Manika Mehta, 32, an Android telephone person who queued on the Delhi retailer.
About 500 other people had amassed for Cook’s temporary look, by which he spoke with fanatics and took selfies, as in Mumbai.
“My heart was skipping a beat,” mentioned Reeti Sahai, 45, after taking a selfie. “I’m an Apple addict. I’m drawn to Tim Cook, seeing the man he is and the journey.”
Cook’s talk over with has drawn in depth media protection and he has been feted like a Bollywood famous person, with some other people looking to contact his ft in a standard gesture of appreciate, whilst others requested for his autograph.
Apple has in the past confronted hurdles in opening bodily retail shops within the South Asian country, however its merchandise had been to be had on e-commerce internet sites, whilst its on-line retailer opened in 2020.
The new shops open as Indian customers more and more glance to improve gadgets to glitzier fashions with richer characteristic units, from funds variations that generally price lower than $120.
Still, Apple’s dear telephones are inexpensive for just a few in India, the place it has a marketplace proportion of simply 3%.
Apple has been looking to make India a larger production base. Its merchandise, together with iPhones, are being assembled in India through contract electronics makers Foxconn, Wistron Corp and Pegatron Corp.
In January, India’s industry minister mentioned Apple sought after the rustic to account for as much as 25% of its manufacturing as opposed to about 5% to 7% now.
Apple principally assembles iPhones in India thru Taiwan contract producers however plans to amplify into iPads and AirPods, because it seems to be to chop reliance on China.
Its iPhones made up greater than part of overall smartphones value about $9 billion exported from India between April 2022 and February, information from the India Cellular and Electronics Association presentations.
“I am very confident that this Apple-India partnership has a lot of headroom for investments, growth, exports and jobs – doubling and tripling over coming years,” Rajeev Chandrasekharthe deputy minister for info generation, informed Reuters.
His feedback got here after a gathering on Wednesday with Apple leader government Tim Cook within the capital, New Delhi.
Cook, who additionally met Prime Minister Narendra Modi, mentioned Apple was once “committed to growing and investing across the country”.
He inaugurated an Apple retailer in New Delhi on Thursday two days after opening its first outlet in Mumbai, the industrial capital.
“We’ve come here only to see Tim Cook,” mentioned Manika Mehta, 32, an Android telephone person who queued on the Delhi retailer.
About 500 other people had amassed for Cook’s temporary look, by which he spoke with fanatics and took selfies, as in Mumbai.
“My heart was skipping a beat,” mentioned Reeti Sahai, 45, after taking a selfie. “I’m an Apple addict. I’m drawn to Tim Cook, seeing the man he is and the journey.”
Cook’s talk over with has drawn in depth media protection and he has been feted like a Bollywood famous person, with some other people looking to contact his ft in a standard gesture of appreciate, whilst others requested for his autograph.
Apple has in the past confronted hurdles in opening bodily retail shops within the South Asian country, however its merchandise had been to be had on e-commerce internet sites, whilst its on-line retailer opened in 2020.
The new shops open as Indian customers more and more glance to improve gadgets to glitzier fashions with richer characteristic units, from funds variations that generally price lower than $120.
Still, Apple’s dear telephones are inexpensive for just a few in India, the place it has a marketplace proportion of simply 3%.
Apple has been looking to make India a larger production base. Its merchandise, together with iPhones, are being assembled in India through contract electronics makers Foxconn, Wistron Corp and Pegatron Corp.
In January, India’s industry minister mentioned Apple sought after the rustic to account for as much as 25% of its manufacturing as opposed to about 5% to 7% now.