Apple’s CEO Tim Cook has described India as one of the company’s fastest growing markets and has proposed to the government a program to offer refurbished phones in the country as a way to get around the high prices of its devices in a price-sensitive market.
Cook is also said to have discussed with India’s Prime Minister Narendra Modi in May the “possibilities of manufacturing and retailing in India,” a move that would help the company avoid the high import duties on smartphones and other products that the authorities have imposed to encourage local manufacture.
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Source: COMPUTER WORLD