Ahead of his visit to the United States to attend a Nasscom event, telecom minister Ravi Shankar Prasad on Friday told tech giant Apple...
Ahead of his visit to the United States to attend a Nasscom event, telecom minister Ravi Shankar Prasad on Friday told tech giant Apple — the maker of iPhone — to consider setting up R&D centre in India.
The minister, who met senior Apple representatives including Apple Head Compliance EMEIA region John Reynolds, said that by opening an R&D facility in India, Apple will benefit as India has great business opportunities. This would help Apple in getting good business propositions in other parts of Asia as well, he added.
Apple sold products worth $730 million in 2013-14. “Apple is a very effective brand in India and personally, I requested them to consider opening an R&D centre in India,” Prasad said after the meeting. Describing the meeting as positive, Prasad said he would visit Apple’s facility in Silicon Valley next month during his trip to the US. “I was happy to learn that though Apple does not have a very powerful presence yet, in 2013-14, it sold products worth $730 million in India. I am sure with 2014-15, it must have crossed more…From my side I welcome them to explore India in a big way,” Prasad added.
Reynolds said during the meeting, he got some fascinating information about the country. Apple has been given an assurance that if it plans to set up a manufacturing facility in the country, it would get additional incentives from state governments apart from the incentive schemes announced by the Centre.
According to CyberMedia Research, the iPhone maker has emerged as the largest 4G LTE device vendor in India with a market share of 45% in October-December 2014.