Apple Inc bets big on India as it opens first flagship store

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Apple Inc bets big on India as it opens first flagship store
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Apple Inc. opened its first flagship store in India in a much-anticipated launch Tuesday that highlights the company's growing aspirations to expand in the country it also hopes to turn into a potential manufacturing hub.

The company's CEO Tim Cook posed for photos with a few of the 100 or so Apple fans who had lined up outside the sprawling 20,000-square-foot store in India's financial capital, Mumbai, its design inspired by the iconic black-and-yellow cabs unique to the city. A second store will open Thursday in the national capital, New Delhi.

For the Cupertino, California-based company, India's sheer size makes the market especially encouraging. In September, Apple announced it would start making its iPhone 14 in India. The news was hailed as a win for Prime Minister Narendra Modi's government, which has pushed for ramping up local manufacturing ever since he came to power in 2014.

"Big companies got a jolt, they realized they needed a backup strategy outside of China -- they couldn't risk another lockdown or any geopolitical rift affecting their business," said Kolla.

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