Apple strengthens India presence with research and development subsidiary
Apple Inc has established a wholly-owned subsidiary in India, Apple Operations India, to focus on research and design, potentially contributing to the development of new products, the Economic Times reported on Saturday.
In a filing with the Registrar of Companies (RoC) last week, Apple Operations India said that it will engage in hardware development, failure analysis, and procurement of engineering equipment. The report said that the Cupertino-based company has given ‘a letter of comfort, assuring operational and financial support for the subsidiary in India till the “foreseeable future”.
