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Tim Cook meets PM Modi, affirms investment commitments for India

Apple CEO Tim Cook said the company is committed to “growing and investing” across the country after meeting Prime Minister Narendra Modi on April 19.

While thanking the prime minister for the warm welcome, Cook said in a tweet that they share his vision of the positive impact technology can make on India’s future, right from education and developers to manufacturing and the environment.

Dubbing the meeting with the Apple CEO an “absolute delight”, PM Modi tweeted: “An absolute delight to meet you, Tim Cook! Glad to exchange views on diverse topics and highlight the tech-powered transformations taking place in India.”

During his visit to the national capital, Cook also met IT minister Ashwini Vaishnaw and sought support for building the component ecosystem in the country to further boost manufacturing of its devices apart from support in skilling, people familiar with the matter told Moneycontrol.

Sources said Cook acknowledged the policy stability that the government has provided and will likely help the country play a larger role in the global manufacturing sector. Apple plans to further expand its local manufacturing capabilities to make products beyond its flagship iPhone in the country, they added.

In terms of skills, the minister has asked Apple to define their requirements for them to make investments and set up infrastructure in the country, sources said.

Earlier this week, Apple announced that it now supports one million developer jobs in the country and the revenue payouts from its App Store payouts to Indian developers have “more than tripled since 2018”.

Apple’s partners Foxconn and Wistron were the fastest growing manufacturers among the top 10 in Q4 2022, fuelled by increasing exports from Apple, the report added. Apple’s work with Indian suppliers of all sizes supports hundreds of thousands of jobs across the country, the company stated on April 18. Moneycontrol

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