Apple CEO Tim Cook Meets with Indian Prime Minister Narendra Modi, Commits to Investing in India
Apple CEO Tim Cook met with Indian Prime Minister Narendra Modi in the national capital on Wednesday and expressed his company’s commitment to growing and investing across India. Cook tweeted after the meeting, thanking PM Modi for the warm welcome and stating that Apple shares Modi’s vision of the positive impact technology can make on India’s future, ranging from education and developers to manufacturing and the environment.
In response to Cook’s tweet, PM Modi expressed his delight at meeting the CEO of Apple and exchanging views on diverse topics, highlighting the tech-powered transformations taking place in India.
Tim Cook’s visit to India is for the launch of Apple’s first-ever retail stores in the country. This move by Apple is seen as a significant step towards expanding its presence in one of the world’s fastest-growing smartphone markets. India has a large and growing middle class with increasing purchasing power, making it a crucial market for Apple’s growth strategy.
During his meeting with PM Modi, Cook likely discussed Apple’s plans for manufacturing and investing in India, as the country has been actively promoting its “Make in India” initiative to boost domestic manufacturing and attract foreign investment. Apple has been exploring options for local manufacturing in India to reduce dependence on imports and take advantage of the country’s skilled labor and large consumer base.
Cook’s commitment to investing in India aligns with Apple’s ongoing efforts to tap into the country’s vast market potential. In recent years, Apple has been focusing on expanding its retail presence in India, launching its online store in 2020 and now opening physical retail stores. Apple has also been increasing its investments in research and development, app development, and other areas in India, reflecting its long-term commitment to the country.
India’s market presents significant growth opportunities for Apple, as it seeks to capture a larger share of the burgeoning smartphone market and cater to the rising demand for Apple products and services. The meeting between Tim Cook and PM Modi signals Apple’s continued focus on India as a key market for its future growth plans, and its commitment to partnering with the Indian government to harness the potential of technology for the country’s development.