Industry News

Apple to set-up technology development center in India

India: Hyderabad, one of the prominent cities in India has been working as a magnet to attract the top technology giants which include Google and Microsoft. Now, the city has gained the attention of the premium mobile phone manufacturer Apple Inc.

Apple has planned to invest US$ 25 Million to set-up its first technology development center outside the US. Apple center will occupy 250,000 square feet space in Tishman Speyer's WaveRock facility and is planned to be operational by second half of this year.

The new facility will create around 4,500 job opportunities in Indian market.

Hyderabad is a metropolitan city of India located in Telangana state. Apple followed Google and Microsoft in terms of investing in the state. Last year in December, Sundar Pichai announced to open the South Asia’s biggest campus in Hyderabad; and Microsoft plans to expand its operations in the state.

According to TechSci Research, India is being the key focus market for smartphone players. Lately, Apple has also witnessed the sea change in the Indian smartphone market. With the shift in consumer preference and increasing high disposable income; Apple has reported 38% surge in its revenue from India during October-December period; above 11% growth in overall emerging markets.

Further, Apple iPhone sales in volume terms grew 76% in India compared with 45% in the Middle East and Africa, Korea; 18% in mainland China; 20% in various western European countries.

 The company has also applied for ‘Single Brand Retail License’ that will enable Apple to open its stores in India.

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