Apple CEO Tim Cook meets PM, investing more in India

Apple chief executive Tim Cook on Wednesday met Prime Minister Narendra Modi as the iPhone manufacturer is looking to invest more in the world’s second-largest smartphone market.

Cook, on his first trip to India in seven years, opened Apple’s first retail store in the country in Mumbai on Tuesday and will launch another in Delhi on Thursday.

Looking to replicate what China did to Apple’s business in the last 15 years, the tech giant is eyeing India’s massive market with an expanding middle class to power sales growth, and potentially make it a home base for the production of millions of Apple devices.

Cook, whose company reached a new record of nearly USD 6 billion in sales for the year ended March 31, met the Prime Minister on Wednesday.

“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,” he tweeted with a picture of him shaking hands with Modi.