Apple CEO Tim Cook will fly to India later this week for talks with the Prime Minister Narendra Modi. the Cupertino giant has really set up big plans for the developing India. If a new report is to be held true, Apple might build an incubator in the country to invest in startups building iOS apps. Now that is BIG, isn’t it?
There has been no official word from Apple yet regarding the purpose of Tim Cook’s visit. According to reports by FactorDaily, Apple will “unveil a start-up accelerator in India, the first such initiative by the company.”
Want more? There you go. Happy news for an Indian Apple fan- Apple might also announce three of its first Apple retail stores to be set up in Bangalore, Delhi and Mumbai. Each store will require an area of 10,000 square feet and needs to be set up at prime locations in the metro cities. The investment is $3 million to $5 million per store.
Reportedly, a team of 40 Apple executives has been carrying out operations in Gurugram(previously known as Gurgaon) in India for a few months now. Their main job is to report the progress of retail stores and startup accelerator directly to Cupertino .
It was pretty clear in the last Apple earnings call that India has emerged as one of the biggest markets for Apple and Time Cook is working on it to leverage the most from it.