Following Tim Cook’s visit with India’s government officials, the country’s deputy minister for information technology says he is “very confident” of Apple doubling or tripling its investment in the region.
According to Reuters, the country’s officials also expect Apple to continue its increasing focus on India. During Tim Cook’s meeting with Prime Minister Narendra Modi, he also spoke with Rajeev Chandrasekhar, deputy minister for information technology.
“I am very confident that this Apple-India partnership has a lot of headroom for investments, growth, exports and jobs,” Chandrasekhar told Reuters, ” doubling and tripling over coming years.”
The two new retail stores, Apple BKC in Mumbai and Apple Saket in New Delhi, come more than two decades after Apple began opening Apple Stores. Customers have been able to buy from the online Apple Store, but only since September 2020.
“That dynamic will be changing as Apple is now aggressively looking at India from both a production and retail expansion over the coming years,” continued the analysts, “that we believe will be a strategic poker move for Cupertino that could ramp annual revenue to $20 billion by 2025 in India.”