Apple To Open First Off Shore Technology Development Center in Hyderabad
“It’s a very positive development as Apple has not looked at cities only in India, but across many places in Europe and other parts of the world. Their decision to have the facility in Hyderabad is a strong endorsement of the city as a major IT hub in the country,” Jayesh Ranjan, Secretary to IT department in the state of Telangana, told ZDNet.
Earlier this year there were reports about the Indian government planning to push for an application, clearing Apple to open retail stores in the country.
“Apple should qualify as a provider of cutting-edge technology. That would exempt the maker of iPhones and iPads from a rule forcing foreign businesses that retail a single brand in India to procure 30 percent of a product’s inputs locally,” the report adds. Needless to say, Apple makes most of its products in China.
The company’s CEO, Tim Cook said that Apple will continue to invest in India despite global slowdown and currency fluctuations.
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