Apple CEO touts India impact in push for deeper market access

27 June, 2017, 14:28 | Author: Irene Delgado
  • Sundar Pichai

Bezos went public with his continued commitment to the country in a tweet that followed a meeting with Prime Minister Narendra Modi in Washington.

Cook had reiterated that Apple had generated 740,000 jobs in India through its "app economy" and Indian developers had created almost 100,000 apps for the App Store, a source told Reuters. The two leaders will be addressing reporters in the Rose Garden. Amazon's Jeff Bezos tweeted after the meeting. He wrote: "Terrific meeting with @narendramodi". Always impressed, energized by optimism and invention in India. Last summer, Bezos pledged to invest $3 billion to grow the Amazon India business, having put an initial $2 billion into it back in 2014, and there could yet be more money soon.

Amazon's investments have helped it become one of the biggest e-commerce companies here.

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Cook is a wizard at these sorts of predictions, he once said that China would save Apple's bottom line and was rather upset when the Chinese lost interest in the shiny toys. Chambers, who is also chairman of the US-India Business Council (USIBC), a business advocacy organisation to encourage the private sectors of both India and US to enhance investment flows, tweeted: "As chairman of the @USIBC, I believe India will move from slow follower to fast innovative leader".

Google had earlier in the year announced its Digital Unlocked initiative that would get India's 51 million small-and-medium businesses (SMBs) online. A combination of governmental programmes, including Digital India, Smart Cities, Startup India, and Make in India, have generated excitement among global technology players.

Previously, Bezos has said the company will keep investing in the Indian market to strengthen technology and infrastructure. CEOs of many tech companies have also been visiting India at increasing frequencies. China and the USA now dominate global e-commerce spending, but the value of online sales in India is predicted to rise to $48 billion by 2020, analyst firm Forrester has forecast. In fact, researchers at Forrester project India's annual online sales to balloon to $48 billion by 2020. According to sources familiar with the meeting, Cook informed Modi that India now has 740,000 app economy jobs attributable to iOS.