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    <title>Aaj TV English News - Technology</title>
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    <pubDate>Tue, 07 Apr 2026 03:02:18 +0500</pubDate>
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      <title>India sees Apple nearly tripling investment, exports in coming years</title>
      <link>https://english.aaj.tv/news/30318688/india-sees-apple-nearly-tripling-investment-exports-in-coming-years</link>
      <description>&lt;p&gt;&lt;strong&gt;NEW DELHI: U.S. tech giant Apple could double or triple investments in India, along with exports, over the next few years, a minister said, as the company opened a second store in the world’s biggest smartphone market after China.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Apple mainly assembles iPhones in India through Taiwan contract manufacturers but plans to expand into iPads and AirPods, as it looks to cut reliance on China.&lt;/p&gt;
&lt;p&gt;Its iPhones made up more than half of total smartphones worth about $9 billion exported from India between April 2022 and February, data from the India Cellular and Electronics Association shows.&lt;/p&gt;
&lt;p&gt;“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 minister for information technology, told Reuters.&lt;/p&gt;
&lt;p&gt;His comments came after a meeting on Wednesday with Apple Chief Executive Tim Cook in the capital, New Delhi.&lt;/p&gt;
&lt;p&gt;Cook, who also met Prime Minister Narendra Modi, said Apple was “committed to growing and investing across the country”.&lt;/p&gt;
&lt;p&gt;He inaugurated an Apple store in New Delhi on Thursday two days after opening its first outlet in Mumbai, the commercial capital.&lt;/p&gt;
&lt;p&gt;“We’ve come here only to see Tim Cook,” said Manika Mehta, 32, an Android phone user who queued at the Delhi store.&lt;/p&gt;
&lt;p&gt;About 500 people had gathered for Cook’s brief appearance, in which he spoke with fans and took selfies, as in Mumbai.&lt;/p&gt;
&lt;p&gt;“My heart was skipping a beat,” said Reeti Sahai, 45, after taking a selfie. “I’m an Apple addict. I’m drawn to Tim Cook, seeing the man he is and the journey.”&lt;/p&gt;
&lt;p&gt;Cook’s visit has drawn extensive media coverage and he has been feted like a Bollywood star, with some people trying to touch his feet in a traditional gesture of respect, while others asked for his autograph.&lt;/p&gt;
&lt;p&gt;Apple has previously faced hurdles in opening physical retail stores in the South Asian nation, but its products have been available on e-commerce websites, while its online store opened in 2020.&lt;/p&gt;
&lt;p&gt;The new stores open as Indian consumers increasingly look to upgrade devices to glitzier models with richer feature sets, from budget versions that typically cost less than $120.&lt;/p&gt;
&lt;p&gt;Still, Apple’s pricey phones are affordable for only a few in India, where it has a market share of just 3%.&lt;/p&gt;
&lt;p&gt;Apple has been trying to make India a bigger manufacturing base. Its products, including iPhones, are being assembled in India by contract electronics makers Foxconn (2317.TW), Wistron Corp (3231.TW) and Pegatron Corp (4938.TW).&lt;/p&gt;
&lt;p&gt;In January, India’s trade minister said Apple wanted the country to account for up to 25% of its production versus about 5% to 7% now.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>NEW DELHI: U.S. tech giant Apple could double or triple investments in India, along with exports, over the next few years, a minister said, as the company opened a second store in the world’s biggest smartphone market after China.</strong></p>
<p>Apple mainly assembles iPhones in India through Taiwan contract manufacturers but plans to expand into iPads and AirPods, as it looks to cut reliance on China.</p>
<p>Its iPhones made up more than half of total smartphones worth about $9 billion exported from India between April 2022 and February, data from the India Cellular and Electronics Association shows.</p>
<p>“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 minister for information technology, told Reuters.</p>
<p>His comments came after a meeting on Wednesday with Apple Chief Executive Tim Cook in the capital, New Delhi.</p>
<p>Cook, who also met Prime Minister Narendra Modi, said Apple was “committed to growing and investing across the country”.</p>
<p>He inaugurated an Apple store in New Delhi on Thursday two days after opening its first outlet in Mumbai, the commercial capital.</p>
<p>“We’ve come here only to see Tim Cook,” said Manika Mehta, 32, an Android phone user who queued at the Delhi store.</p>
<p>About 500 people had gathered for Cook’s brief appearance, in which he spoke with fans and took selfies, as in Mumbai.</p>
<p>“My heart was skipping a beat,” said Reeti Sahai, 45, after taking a selfie. “I’m an Apple addict. I’m drawn to Tim Cook, seeing the man he is and the journey.”</p>
<p>Cook’s visit has drawn extensive media coverage and he has been feted like a Bollywood star, with some people trying to touch his feet in a traditional gesture of respect, while others asked for his autograph.</p>
<p>Apple has previously faced hurdles in opening physical retail stores in the South Asian nation, but its products have been available on e-commerce websites, while its online store opened in 2020.</p>
<p>The new stores open as Indian consumers increasingly look to upgrade devices to glitzier models with richer feature sets, from budget versions that typically cost less than $120.</p>
<p>Still, Apple’s pricey phones are affordable for only a few in India, where it has a market share of just 3%.</p>
<p>Apple has been trying to make India a bigger manufacturing base. Its products, including iPhones, are being assembled in India by contract electronics makers Foxconn (2317.TW), Wistron Corp (3231.TW) and Pegatron Corp (4938.TW).</p>
<p>In January, India’s trade minister said Apple wanted the country to account for up to 25% of its production versus about 5% to 7% now.</p>
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      <category>Technology</category>
      <guid>https://english.aaj.tv/news/30318688</guid>
      <pubDate>Thu, 20 Apr 2023 13:03:52 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>Apple CEO Tim Cook gestures during the inauguration of an Apple retail store in New Delhi, India, April 20, 2023. REUTERS
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