Apple CEO Tim Cook Pledges Commitment To Invest And Grow In India During Meeting With PM Modi

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Apple CEO Tim Cook Pledges Commitment To Invest And Grow In India During Meeting With PM Modi
21 Apr 2023
1 min read

News Synopsis

During a four-day visit to India, Apple CEO Tim Cook met with Prime Minister Narendra Modi in New Delhi to discuss Apple's commitment to expanding and investing across the country. Cook expressed his dedication to India's future and vision for the transformative influence of technology on education, manufacturing, developers, and the environment.

Following the meeting, both Cook and Modi took to Twitter to share their views on the discussions. Cook tweeted that he was impressed with the Prime Minister's vision and the two spoke about diverse topics, including technology-powered transformations taking place in India. Modi tweeted that it was a delight to exchange views with Cook and to highlight the tech-powered transformations taking place in India.

During his visit, Cook also inaugurated the first two Apple stores in India and urged the government to maintain policy stability. In meetings with Communications Minister Ashwini Vaishnaw and Minister of State for IT and Electronics Rajeev Chandrasekhar, Cook emphasized the need for support in establishing a component supply chain ecosystem and workforce skilling for the electronics industry.

The discussions also focused on employment creation, particularly for women, while charting a long-term and robust connection between Apple and India. According to Ashwini Vaishnaw, the government has asked Apple to expand iPhone production and investment in the country as the Cupertino-based tech giant looks to diversify outside of China.

Cook's visit to India comes as Apple faces increasing pressure to reduce its dependence on China, where it manufactures most of its products. The company is looking to diversify its supply chain and reduce its reliance on China due to geopolitical tensions, rising costs, and labour shortages.

India, with its growing smartphone market and favourable policies for foreign investors, presents a strategic opportunity for Apple. The company has already made significant investments in India, including setting up an App Accelerator in Bengaluru and a Design and Development Accelerator in Hyderabad.

In conclusion, Cook's meeting with PM Modi reinforces Apple's commitment to investing and growing in India. The discussions centred around the importance of technology and skilling for India's future. Apple's commitment to India is a significant step towards the company's efforts to diversify its supply chain and reduce its reliance on China. The expansion of Apple's presence in India will have a significant impact on the country's economy and employment opportunities.

Important News and Blog Tags for Readers

Apple CEO Tim Cook meets with PM Modi to discuss commitment to India

India presents a strategic opportunity for Apple as it looks to diversify supply chain

Discussions focus on technology, skilling, and employment creation

Apple urged to expand iPhone production and investment in India

Cook inaugurates first two Apple stores in India

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