Apple CEO Meets India PM Modi, Commits to Growth and Investment

Reuters2023-04-19

NEW DELHI, April 19 (Reuters) - Apple Inc Chief Executive Officer Tim Cook on Wednesday committed to growth and investment across India in meeting with the country's prime minister, Narendra Modi, in New Delhi.

Cook is on a visit to India this week and inaugurated the iPhone maker's first retail store in the country on Tuesday in Mumbai. Apple will also open a retail store in New Delhi on Thursday.

"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," Cook wrote on Twitter and shared a picture of him shaking hands with Modi.

In response, the Indian PM tweeted that it was an "absolute delight" to meet Cook.

"Glad to exchange views on diverse topics and highlight the tech-powered transformations taking place in India," Modi said.

Cook's visit to India underscores Apple's growing ambitions for the country, where despite having just a 3% market share the company has been expanding iPhone assembly via contract manufacturers, and also boosting its exports.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • SudTradepro
    2023-04-19
    SudTradepro
    Great news . Growth stocks nASDAQ best bet
  • OO_898
    2023-04-19
    OO_898
    Like 
Leave a comment
2