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Apple CEO sees India as an investment destination for 1000 years

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635915922276784028-1684064546_tim-cookAccording to an interview given to a national daily, Apple CEO Tim Cook has said that he sees a bundle of opportunities of doing business in India looking at it as an investment destination for next thousand years.

Cook also aims to push the sales of its products in the country and has announced opening up of facilities in Bengaluru and Hyderabad.

“We have thought through many areas (of investment) and we will move ahead in all these areas. What we have announced in Hyderabad and Bengaluru are just a couple of initial things, there’s more coming. We are committed to India,” Cook said in his first interaction with an Indian media organization.

Cook will soon be calling on Prime Minister Narendra Modi where discussions around manufacturing in India is likely to be the top talking point.

The discussion between the two may also revolve around the National Democratic Alliance (NDA) government’s stand that Apple cannot just import and sell refurbished iPhones in India without setting up a manufacturing facility in the country. The government is also expected to convey to Cook a decision that it has taken on waiving the local sourcing conditions for Apple so that it can open its fully-owned branded retail stores in the country.

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