Apple boss meets Modi to devise India strategy
 

NEW DELHI/MUMBAI: Apple Inc chief Tim Cook met Indian Prime Minister Narendra Modi on Saturday, concluding a four-day trip to India that could set the stage for Apple’s expansion plans in one of the world’s fastest growing smartphone markets.

Modi and Cook met for an hour in central Delhi and discussed Apple’s plans for its India business, including the possibility of manufacturing and retailing in the country.

Apple is looking to expand its retail presence in India and is pursuing a licence to set up its own stores, which could start to open as early as next year.

Government officials say India is keen to get Apple to start making products in the country in what would be a boost for Modi’s "Make in India" manufacturing push.

"Every aspect of business was discussed. **w it’s for Apple to talk about their plans," a close aide of Modi said.

Cook’s first official visit to the country comes at a crucial time as Apple looks for new growth markets after posting its first-ever decline in iPhone sales.

More than 100 million smartphones were sold in India last year and sales are expected to grow 25 percent this year, but Apple only has about a 2 percent share of the market.

The company has been pushing the Indian government to allow it to import refurbished phones in the country, but that application was turned down earlier this month.

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