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India sees Apple nearly tripling investment, exports in coming years

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NEW DELHI: US tech giant Apple could double or triple investments in India along with exports in the next few years, a minister said, as the company opened a second store in the big mobile phone market. Apple mainly assembles iPhones in India through contract manufacturers, but has plans to expand into iPa

NEW DELHI: US tech giant Apple could double or triple investments in India along with exports in the next few years, a minister said, as the company opened a second store in the big mobile phone market.

"I am very confident that this Apple-India partnership has a lot of headroom for investments, growth, exports and jobs - doubling and tripling over coming years," Rajeev Chandrasekhar, the deputy information technology minister, told Reuters. Cook, who also met Prime Minister Narendra Modi, said Apple was"committed to growing and investing across the country".

"We've come here only to see Tim Cook," said Manika Mehta, 32, an Android phone user who queued at the Delhi store in a gesture of support for her husband, an Apple fan.

 

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