Modi meets Cook, wants ‘Made in India’ Iphones
Apple CEO agrees to explore Prime Minister’s proposal
NEW DELHI: Prime Minister Narendra Modi wants Apple Inc. to manufacture Iphones in India instead of pushing its plan to sell refurbished pre-owned handsets, according to officials familiar with discussions he had with Apple chief executive officer (CEO) Tim Cook on Saturday.
On a four-day maiden India visit that came amid declining sales of Iphones globally, Cook met with Modi to push for sale of pre-owned refurbished Iphones — a proposal that has yet to find favour with the Indian government since it was first mooted and rejected during the UPA regime.
Although Apple has no plan to make Iphones here, Cook agreed to explore Modi’s proposal. Apple will unlikely benefit from manufacturing of Iphones in India, analysts have said, citing the price-sensitive nature of the Indian market and the low volumes of iPhone sales here. India accounts for just 1% of global iPhone sales and Apple’s share of India’s mobile handset sales is just 1.5%.
Globally, Taiwanese contract manufacturer Foxconn makes Iphones. There have been media reports that Foxconn wants to make Apple devices with a $10-billion plant in Maharashtra, the state that took up much of Cook’s time during his visit.
“The PM made it clear that refurbished phones were not India’s immediate focus as he was conscious that these phones would wipe out low cost Indian phone manufacturers,” said a senior official.
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Prime Minister Narendra Modi with Apple chief executive officer (CEO) Tim Cook in New Delhi on Saturday.