Apple executives likely to meet Indian govt as China market turns sour, says report

Commerce and industry minister Suresh Prabhu is set to meet senior executives of Apple Inc on the sidelines of the World Economic Forum in Davos later this month, Business Standard reported.

The two sides are back on the negotiating table, following Apple’s China setback, said the report.

The meeting was requested by Apple as the technology giant is brainstorming on the way forward for the company in the Indian market following simmering trade tensions between the US and China, according to the unnamed sources cited by Business Standard.

After five years, Apple is warming up to India as a retail and manufacturing hub, after it lost $474 billion in market cap over the past three months.