Apple finds potential new factory hub – in India

“Apple CEO Tim Cook is sold on Prime Minister Narendra Modi’s Make in India policy,” Kenneth Rapoza writes for Forbes.After all, companies want to be where their markets are. And when one of your markets is a massive low cost producer like India, it only makes sense to mass produce there.”

“Cook told Modi over the weekend that Apple was watching India closely, and that there exists a possibility of opening retail stores and a manufacturing center in the country,” Rapoza writes. “It’s a market that Apple wants to take a bigger bite out of. It currently faces major competition from Samsung and low cost Indian producers like Micromax Informatics and Karbonn Mobiles. But even a top 10 finish in smart phone sales is a major sales boost for Apple. The country surpassed the U.S. last year to become the world’s No. 2 consumer of smart phones.”

Rapoza writes, “Cook and Nadella’s visits underscore faith in Modi’s Make in India policies — which provide incentives for manufacturers to set up shop in the country — and belief that India’s consumer and IT market is where it’s at.”

Read more in the full article here.

MacDailyNews Note: “Make in India” is a program begun by Modi in September 2014 that is designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property, and build best-in-class manufacturing infrastructure in India.

More info about “Make in India” here:
www.makeinindia.com.

SEE ALSO:
Apple’s Tim Cook samples Bollywood, cricket, in bid to woo India – May 21, 2016
India shows Apple CEO Cook the love it’s yet to give the pricey iPhone – May 20, 2016
Apple CEO Cook: ‘We are in India for the next thousand years’ – May 20, 2016
Watch Apple CEO Tim Cook at his first cricket game in India – May 19, 2016
Apple opens Maps development office in Hyderabad, India – May 19, 2016
Apple CEO Cook debuts in India – May 18, 2016
Apple to open first-of-its-kind iOS App Design and Development Accelerator in India – May 18, 2016
Tim Cook visits India: Apple to expand its Indian software development center, build local start-up accelerator program – May 17, 2016
Apple Retail Stores to open in India by end of next year – May 16, 2016
iPhone sales surge 56% in India as Apple eats into Samsung’s high-end share – May 8, 2016
Apple deprivileged as India bows to Washington D.C. consensus on mobile phone import tariffs – May 7, 2016
India rejects Apple’s plan to import and sell refurbished iPhones – May 3, 2016
Indian government panel paves way for wholly-owned Apple retail stores in India – April 28, 2016

3 Comments

  1. This is great news. Apple is too dependent on China.
    The Chinese people are hard workers and have done a great job, but you shouldn’t have too many eggs in one basket when their government closes down your services, looks the other way when companies steel you work, make you pay millions of dollars because they squatted names like iPad that you already have the copyright on and blames you for all the pollution in their country.

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