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Apple is expanding and expanding its portfolio of countries with another valuable region, India. A technological development center will be built in the city of Hyderabad, which is located in the southern part of this subcontinent, and will undoubtedly be important both in the global growth of Apple and in the Indian territory.

The development center, in which Apple invested 25 million dollars (about 600 million crowns), will employ around four and a half thousand workers and will occupy around 73 thousand square meters in the IT corridor of the WaveRock complex belonging to the real estate company Tishman Speyer. The opening should take place in the second half of this year.

"We are investing in growing our business in India and are excited to be surrounded by passionate customers and a vibrant developer community," an Apple spokeswoman said. "We are looking forward to the opening of new development spaces where, among other things, over 150 Apple employees will be engaged in the further development of maps. Sufficient space will also be set aside for local suppliers who will support our efforts and efforts," she added.

Jayesh Ranjan, an IT secretary working for IAS (Indian Administrative Service) in the Indian state of Telengana, shared The Economic Times, that the contract regarding the given investment will be concluded only after certain details have been negotiated. By this he meant the final SEZ (Special Economic Zones) statement on the permit for this construction, which should arrive in a few days.

So, alongside Google and Microsoft, who also plan to invest in India, Apple will expand its presence in another extremely important area. Based on verified sources, India is the country with the fastest growing smartphone market. In 2015, it also surpassed the United States. It is therefore not surprising that the Cupertino company is targeting this Asian subcontinent with the aim of extracting as much as possible.

Apple CEO Tim Cook said that he sees a certain potential in India for an ever-increasing presence of the brand. As such, Apple is very popular in this country, and iPhones have an unusually high value among young people. "During this challenging period, it pays to invest in new markets that promise long-term prospects," Cook said.

The percentage expression of sales is also worth mentioning, when they reached the limit of 38% in India during the period from October to December, thereby exceeding the growth of all developing markets by eleven percent.

Source: India Times
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