Apple CEO Tim Cook dinner to satisfy PM Modi amid launch of 1st India retailer: Report

The Reuters report quoting sources added that Cook dinner may even maintain discussions with deputy IT minister Rajeev Chandrasekhar. The supply, which features a authorities official, mentioned that the meet with Modi is scheduled for Wednesday in Delhi. Nevertheless, the PM’s workplace or the federal government of India is but to verify the identical.

The reported conferences come shut on the heels of Apple’s elevated concentrate on India to diversify its meeting operations past China. It was earlier reported by Bloomberg that Apple had sought a gathering for Cook dinner with PM Modi amidst the Centre’s push to draw Apple’s manufacturing companions like Foxconn Technology Group and Pegatron Corp. Cook dinner first visited India in 2016.

The world’s second-largest smartphone market will likely be house to the iPhone maker’s retail shops set to open in Mumbai and Delhi. The Apple BKC retailer in Mumbai opened its doorways for a personal occasion on Monday and can begin functioning for the general public from Tuesday. The corporate’s second outlet in India will likely be inaugurated on Thursday at a premier Saket mall in Delhi.

The 2 shops have been a very long time within the making as India’s strict guidelines forbid international manufacturers from opening own-brand shops except they supply a good portion of the products from throughout the nation.

Based on India Mobile and Electronics Affiliation information, iPhones took up 50% share of the general $9 billion price of smartphones exported from India between April 2022 and February 2023.

The corporate opened its Indian on-line retailer in 2020, however Apple’s comparatively excessive sticker costs are nonetheless a deterrent within the nation of 1.4 billion the place affordability performs a significant position in buy choices.

(With inputs from Reuters, Bloomberg)