"India's Appropriate Move": Capitalmind CEO Response to Trump's Advisement to Tim Cook on 'Produce in US'
The Tea: Deepak Shenoy, Capitalmind AMC CEO, Wonders Why We're Anxious Over Trump's Prodding to Apple
Deepak Shenoy, the guy leading Capitalmind AMC, seems unfazed by US President Donald Trump's recent nudge to Apple CEO Tim Cook to halt manufacturing expansion for American-bound devices in India. Casually taking to X, ol' Shenoy questioned the flutter over Trump's comments, stating there's no need to be "jumpy" about the US Prez telling Apple to build in the US rather than India. Instead, he suggested that India ought to, you guessed it, take a cue from that man Trumper and advocate for local manufacturing.
"Why can't we remain cool about Trump telling Tim Cook to not manufacture in India but in the US?" Shenoy wrote, in typical Shenoy-style, on X last Thursday. "It's identical to what India should be murmuring to its own manufacturers - manufacture here, not in China. Every country's leader yearns for jobs for their own folks," he dropped some knowledge.
This comes after Trump's Statements at a business do at Doha where he griped about Tim Cook's manufacturing plans in India. "I had an itty-bitty issue with Tim Cook yesterday," Trump grumbled about his conversation with the Apple fancy-pants. "I said to him, 'Tim, you're my buddy. I treated you nicely. You're coming in with $500 billion.' But then, I hear you're building everywhere in India. I don't want you building in India." Trump said before claiming that Apple would be "increasing production in the United States", though he didn't provide further clues to back up his claim.
Apple's pointy-headed cronies warned that a move to manufacture iPhones in the US instead of India would be problematic and cost-prohibitive, potentially putting the cost of an iPhone at a heady $3,000, bizarrely close to the original price of the first iPhone!
Yet, Trump hinted at a trade dynamic makeover, announcing that India had propositioned a trade deal that proposed "zero tariffs" for American goods. "It's hard to sell in India, and they're offering us a deal where basically they're willing to not charge us any tariffs," he added.
In prompt response—almost faster than you can say forban—India, without directly mentioning Stump, or Trump, stated Trump's comments premature. "Any trade deal must be mutually beneficial, and it needs to work for both countries. That would be our expectation from any trade deal. Until that's achieved, any judgment will be premature," BFF-foreign minister Dr S Jaishankar said, slyly dodging the jab. The foreign minister added that such negotiations are "complex" and take time. "Nothing is decided till everything is," he concluded.
Extra Spice | If Manufactured in the US, iPhones Might Cost a Bomb!
Trump's comments sparked a frenzy of criticisms, with top guns suggesting that manufacturing iPhones in the US would be challenging and costly. They hinted that the price could jump to a whopping $3k if Apple started manufacturing in the US instead of India! However, in a surprising move, Apple has declared that its investment plans for India are still a-go, proving their commitment to maintaining their current manufacturing ambitions in the Bharat territory!
"The comments made by Deepak Shenoy, Capitalmind AMC CEO, regarding Trump's statements about Apple manufacturing expansion in India, can be seen as a fusion of general-news, politics, and business, with a touch of technology thrown in, as he proposes that India should follow Trump's lead in advocating for local manufacturing."
"The subsequent response from India's foreign minister, Dr S Jaishankar, in regards to Trump's proposed trade deal, illustrates the interplay of politics and general-news, as he addressed the potential trade agreement, stating that any judgment would be premature until both countries benefit equally and negotiations are concluded."
