Apple Likely to Announce Accelerator Program for Indian Startups

Chandra R Srikanth, reporting for ET Now:

The sources, who declined to be quoted, said while Tim Cook’s key push with Indian government officials will be the sale of refurbished Apple phones here, its initiatives for startups and digital India will also be part of the agenda.

One of the persons ET NOW spoke to said Cook will cover Mumbai, New Delhi and Hyderabad as part of his visit. While he is expected to meet RIL executives in Mumbai, he will be in Hyderabad to firm up plans for its development centre.

Bengaluru, which is where Apple India’s HQ is located, is not on the cards for Tim Cook.

May 16, 2016 ✚ Permalink

Tim Cook to Visit India this Week

Himank Sharma and Rupam Jain, reporting for Reuters:

Apple Inc Chief Executive Tim Cook will visit India this week and meet Prime Minister Narendra Modi on the second leg of his Asian tour, two sources familiar with the matter said, as the company seeks to revive sluggish iPhone sales.

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Apart from meeting Modi, Cook will also hold meetings with employees and partners, the source said, adding he would fly to India on Tuesday.

Apple has been inching closer towards opening its own retail store in India and the timing of Cook’s visit around recent developments reaffirms that.

On the other hand, Foxconn — the Taiwanese electronics giant and Apple’s supplier was poised to make a $5 Billion investment and setup a manufacturing factory in Maharashtra under Modi’s Make in India program.

May 16, 2016 ✚ Permalink