Having previously said that he expected to receive the European Commission’s verdict on Apple’s Irish tax arrangements by Christmas, Ireland’s Finance Minister Michael Noonan now claims that an announcement is likely to be delayed util next year. The delay in the long-running investigation is the result of regulators asking for additional information from the Irish government, which will […]
Apple is targeting the corporate world in India in an effort to try and grow its business there, according to a new report. With a population of 1.252 billion, it’s no secret that Tim Cook and Apple why desperately love to get a foothold in the country. This year alone, Tim Cook has met with the […]
Apple CEO Tim Cook recently sat down with India’s Prime Minister Narendra Modi, where the two discussed topics like the expansion of Apple’s manufacturing base into India, Apple Pay, and the recent launch of the iPhone 6s and iPhone 6s Plus (via The Times of India). During the talks, Modi invited Cook to open a new manufacturing base within India, to which the Apple CEO was said to have „responded positively,“ especially considering India’s burgeoning app development business.
Image via The Financial Express
„Cook responded positively. I think India does fits into his long term plans. He particularly was interested in the whole App development economy, which he said could be a very very important factor for entrepreneurship where individual app developers can just become part of the app universe,“ Ministry of external affairs spokesman Vikas Swarup told reporters.
„As Apple expands its presence in India including a manufacturing presence there could be enhanced opportunity for app development related to the apple platforms,“ Indian Ambassador to the US Arun K Singh said.
Foxconn was previously reported to be looking at the possibility of an expansion into India to produce iPhones and iPads, but Cook’s outspoken interest in the possibility marks Apple’s first public interest in the expansion. The two also briefly discussed bringing Apple Pay to India, along with the new iPhone 6s and iPhone 6s Plus. Although the new iPhones were known to be coming to India by the end of 2015, this morning brought confirmation of the October 16 launch of the devices in the country, mentioned briefly in Apple’s iPhone sales press release.
Cook also noted Apple’s „unique tie“ to India, pointing to Apple co-founder Steve Jobs’ visit to the country and the inspiration he got from his stay there. The Apple CEO then voiced support of the Prime Minister’s „Digital India“ program, which aims to reduce paperwork and lagging networks by ensuring all government services are available to citizens online and bolstering rural areas with higher-speed internet connections.
Indian Prime Minister and noted iPhone user Narendra Modi has requested to meet Tim Cook during his upcoming visit to the U.S. — reportedly to discuss the possibility of Apple investing in R&D and manufacturing in his country. Modi arrives in New York on September 24 and 25, before heading to the West Coast on September […]
Apple manufacturing partner Foxconn plans to travel to India and explore possible locations to reopen production facilities in the country, in a move that could bring iPhone assembly and potentially lower prices to the emerging market. Reuters reports that Foxconn could benefit from lower production costs in India as wages continue to increase in China, where the majority of its operations are currently based.
„Foxconn is sending a delegation of their officers to scout for locations in a month’s time,“ Subhash Desai, Industries Minister of India’s western state Maharashtra, told Reuters. The report claims Foxconn plans to build 10-12 facilities in India, such as factories and data centers, by 2020, although the Taiwan-based company has not provided any further details about its plans.
The return of Foxconn would provide an economic boost for India, which continues to rival neighboring China in the technology sector. The manufacturing company was forced to close shop in India last year after losing client Nokia, but now eyes a return to the country with plans to manufacture iPhones, iPads and iPods.
„A return of Foxconn – which was forced to shut up shop in India last year after client Nokia closed – would be a major victory for India, which badly needs to turn its tech boom into a manufacturing and employment boost.
India, under Prime Minister Narendra Modi, has sought to reboot manufacturing, but the country is yet to rival China, particularly in technology where most factories will likely be assembly units to begin with.“
Foxconn assembles iPhones, iPads and a number of other products for Apple, one of its main clients, and also serves as a manufacturing partner with other consumer electronics makers such as Xiaomi, Acer and Sony. Its main competitors include Taiwanese Semiconductor Manufacturing Company (TSMC) and Quanta Computer.