Apple assures India plans intact despite Trump’s remarks: Report
Earlier, Trump had said he spoke to Cook and told him he does not want Apple to manufacture in India, urging the company to increase production in the US instead.
In April, Indian minister Ashwini Vaishnaw said that iPhones worth £13.22 bn were exported from India in FY25. (Photo: Reuters)
APPLE has assured the Indian government that its investment and manufacturing plans in the country remain unchanged.
This comes after US president Donald Trump said he had asked Apple CEO Tim Cook to scale back manufacturing in India and focus more on the United States.
Following this, Indian officials spoke to Apple executives, who confirmed that India would continue to be a major base for manufacturing Apple products, according to government sources quoted by PTI.
"Apple has said that its investment plans in India are intact and it proposes to continue to have India as a major manufacturing base for its products," a government source told the news agency.
Earlier, Trump had said he spoke to Cook and told him he does not want Apple to manufacture in India, urging the company to increase production in the US instead.
"We have Apple, as you know, it's coming in. And I had a little problem with Tim Cook yesterday. I said to him, Tim, you're my friend. I treated you very well. You're coming in with $500 billion (£375.94 bn). But now I hear you're building all over India. I don't want you building in India. You can build in India if you want to take care of India," Trump said.
He said India is one of the highest tariff nations and doing business there is difficult.
"They've (India) offered us a deal where basically they're willing to literally charge us no tariff. So we go from the highest tariff. You couldn't do business in India... But I said to Tim... we treated you really good. We put up with all the plants that you built in China for years. Now you got to build us. We're not interested in you building in India. India can take care of themselves. They're doing very well. We want you to build here. And they're going to be upping their production in the United States, Apple," Trump said.
Cook has said Apple will source most iPhones sold in the US from India in the June quarter. China will produce most of the devices for other markets amid uncertainty around tariffs.
Government sources said that 15 per cent of global iPhone production currently comes from India. Foxconn, Tata Electronics, and Pegatron India (largely owned by Tata Electronics) are involved in iPhone manufacturing.
Foxconn has also begun manufacturing Apple AirPods in Telangana for export.
An analysis by S&P Global showed that iPhone sales in the US reached 75.9 million units in 2024. Exports from India in March were at 3.1 million units, indicating a need to either expand capacity or redirect phones meant for the domestic market.
"Apple's Indian exports already headed predominantly to the United States, which represented 81.9 per cent of phones exported by the firm in the three months to February 28, 2025. That increased to 97.6 per cent in March 2025 as a result of a 219 per cent jump in exports, likely reflecting the firm looking to preempt higher tariffs," the S&P Global Market Intelligence report said.
In April, Indian minister Ashwini Vaishnaw said that iPhones worth £13.22 bn were exported from India in FY25.
The Apple ecosystem in India is also one of the largest job creators, with an estimated 2 lakh people employed across its vendor network.
LAKSHMI MITTAL, executive chairman of ArcelorMittal SA and one of Britain’s richest residents, has purchased a mansion in Dubai’s Emirates Hills, known as the “Beverly Hills of Dubai”, Bloomberg reported, citing people familiar with the matter.
The Baroque-style home was listed for around £150 million in 2023 and sold for roughly half that amount earlier this year, according to people with knowledge of the deal.
The residence is lavishly decorated with gold leaf, the selling agent had said. Bloomberg reported the deal is among the most expensive residential sales in Dubai.
Mittal, 74, has a net worth of more than £17.3 billion, according to the Bloomberg Billionaires Index. The purchase comes as he considers leaving the UK following recent tax changes. A person familiar with the matter told Bloomberg that no final decision has been made yet.
The UK recently scrapped its preferential tax regime for non-domiciled residents, prompting several wealthy individuals, including Nassef Sawiris and Bart Becht, to relocate.
Mittal has been a prominent figure in UK business and politics for over two decades.
A representative for the Mittals told Bloomberg there are no plans to move their investment firm, LK Advisers, from London. The family continues to reside at their Kensington home.
Dipesh Vaja, Raj Haria, Manish Shah, Miloni Tanna, Bharat Shah, Hatul Shah, Kamal Shah and Rajiv Shah at the 15th annual Sigma Conference in Baku, Azerbaijan
COMMUNITY pharmacy has a “vital role to play in rebuilding” the NHS, prime minister Sir Keir Starmer has said, referring to a recent announcement of record funding for the sector.
He said ministers want to capitalise on the clinical expertise of pharmacists as the Labour government is determined to fix the “broken” NHS inherited from successive Conservative administrations.
His remarks were delivered in a message to delegates at the 15th annual Sigma Conference in Baku, Azerbaijan.
“This government is developing a 10 Year Health Plan to reform the NHS to make it fit for the future,” said Starmer.
“Pharmacies play a key role in enabling the shift from hospital to community and from treatment to prevention.
“We are expanding their (community pharmacists) role by accelerating the rollout of independent prescribing to support this plan.”
An estimated 33 per cent of pharmacists are currently independent prescribers and, from September 2026, all newly qualified pharmacists will be independent prescribers on the day of registration.
As independent prescribers, pharmacists can take pressure off GPs and A&E services by assessing and diagnosing patients and, where necessary, prescribe medication for a range of clinical conditions, and vaccination programmes.
Hatul Shah
With more independent prescribers foraying into community pharmacy, NHS England plans to commission more clinical services to ensure patients have easier access to care and therefore reducing delays in treatment.
Independent prescribing builds on the Pharmacy First scheme, launched across England in January 2024; it lets patients receive treatment for seven common conditions directly from a pharmacist, without a GP appointment or prescription.
These include sinusitis, sore throat, earache, infected insect bite, impetigo, shingles and uncomplicated urinary tract infections in women.
“The Department of Health and Social Care recently announced a package that will see record investment and reform in order to support the sector,” Starmer told the Sigma conference.
“We’ve agreed with community pharmacy England to increase the community pharmacy contractual framework to £3.073 billion. This represents the largest increase in funding of any part of the NHS – more than 19 per cent across, 2024-2025 and 2025-2026 – which recognises that community pharmacy plays a vital role in our healthcare system.”
Among the 135 delegates were healthcare leaders and pharma industry representatives, who gathered in Baku to explore the theme ‘The future of the NHS through integrated leadership’.
British ambassador to Azerbaijan, Fergus Auld, said there was a huge demand for UK goods and services to support the growth of Azerbaijan’s fast developing health sector.
“With the government here very much focused on reform and investment, I’m proud to welcome all of you, but especially a fantastic business like Sigma to Azerbaijan for this important event and to support companies in expanding into this market,” said Auld.
Olivier Picard
“Sigma’s roots as a family-run business with 45 years of history in north London, growing to hundreds of employees supplying pharmacies across the UK with high quality and well-priced products is an inspiring story of growth in one of the UK’s most important sectors.”
Sigma Pharmaceuticals was founded by Dr Bharat Shah and his brothers Manish and Kamal.
Current CEO Hatul Shah said community pharmacy is becoming “a more integrated clinical and strategic partner in NHS delivery”. However, he stressed that community pharmacy needs more funding to meet the demands of delivering additional clinical services.
The pharmacy contract is still wellshort of the funding level recommended by a recent independent economic analysis of community pharmacy; it found the cost of providing NHS pharmaceutical services in England equated to £5.063bn. The report said nearly 80 per cent of pharmacies are “unsustainable” in the short term, with an estimated 800 having shut in the past four years.
“The recent contract announcement confirms the move towards a servicebased model is real. But, let’s be honest, it’s happening in a climate of flat funding, rising workload and intense workforce pressure,” said Hatul.
“Over the next few days, we’ll hear from people influencing the direction of NHS priorities, regulation and service expansion, but just as important, we’ll hear from you, those delivering care in the heart of community every day.
“This conference has always been about connection and clarity. It’s a space to reflect, to share practical ideas and to consider what comes next, not in theory, but in reality.
Fergus Auld speak on pharmacy’s evolving role
“Sigma remains committed to standing shoulder to shoulder with you, championing your voice, supporting your growth, and helping ensure that community pharmacy not only survives, but thrives.”
In his remarks, National Pharmacy Association (NPA) chair, Olivier Picard, described community pharmacy as “the most human profession that there is”.
Picard, himself the owner of four pharmacies, changed his business model from relying heavily on dispensing medicine to one that provides more services to the community it serves.
“It’s always been about the people, the service we offer, and our communities. I believe in our people and I believe in community,” he said. “When done right, pharmacy is probably the most human profession that there is.”
Picard said healthcare professionals across disciplines should work together to ensure the NHS can cater for the diverse needs of its patients.
“What I’m most proud of is the multidisciplinary approach in our pharmacies. We work with local pharmacists, nurses, paramedics to offer a wide range of NHS and private services,” he added.
“Community pharmacy has worked hard for years to establish themselves. We stayed open during the pandemic when so many others closed. Our future really lies at the heart of the NHS as an integrated part of offering NHS services.”
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Steelworkers protest outside ArcelorMittal headquarters in Saint Denis on Tuesday
UNIONS in France fighting to save 600 jobs at ArcelorMittal operations have called on the government on Tuesday (13) to take control of the sites, following Britain’s example with British Steel.
CGT union chief Sophie Binet told hundreds of workers protesting outside the company’s French offices that she would raise the matter directly with president Emmanuel Macron.
“I will deliver to him the CGT proposals to nationalise” the group’s French operations, she told the protesting workers.
Macron later on Tuesday was to debate a range of high-profile figures on television, including Binet, as he sets out plans for the final two years of his term.
ArcelorMittal announced plans last month to cut 600 jobs across the seven sites it has in France, from a total workforce in the country of around 7,100 people. It is in the process of negotiating the job reductions with unions.
The group – the second-biggest steelmaker in the world, formed from a merger of India’s Mittal Steel with European company Arcelor – has warned of industry “uncertainty” after the US imposed 25-per cent tariffs on steel and aluminium imports.
Yet the group in April posted a quarterly group net profit of $805 million (£605.2m). To shave costs, it is shifting some support jobs from Europe to India, and last year it suspended a $2 billion (£1.5bn) decarbonisation investment in France.
Lakshmi Mittal
French unions believe Macron’s government can follow the lead of its British counterpart, which last month passed a law allowing it to take control of ailing British Steel.
Italy last year also ousted ArcelorMittal as owner of its debt-ridden ex-Ilva plant, accusing the company of failing to prop up the operation after buying control in 2018. “The Italians have done it, the British have done it... so why aren’t we French able to also do it?” asked a regional CGT head, Gaetan Lecocq.
“Mittal should get out, should leave – we don’t need him,” Lococq said of Lakshmi Mittal, ArcelorMittal’s executive chairman and one of India’s richest men.
CGT chief Binard also took up a slogan chanted by the protesters, yelling: “Metal without Mittal!”
A lawmaker with the hard-left France Unbowed party, Aurelie Trouve, has put forward a bill for the nationalisation of ArcelorMittal in France.
Trouve said the company “has clearly been organising the offshoring of production for years, and now we are faced with an emergency”.
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The FCA said the money will be returned to investors as soon as possible. (Photo: Reuters)
THE Financial Conduct Authority (FCA) has secured confiscation orders totalling £305,284 from Raheel Mirza, Cameron Vickers and Opeyemi Solaja for their roles in an investment fraud. The orders cover all their remaining assets.
The confiscation proceedings against a fourth defendant, Reuben Akpojaro, have been adjourned.
The FCA said the money will be returned to investors as soon as possible. Failure to pay could lead to imprisonment.
Between June 2016 and January 2020, the defendants cold-called individuals and persuaded them to invest in a shell company.
They claimed to trade client money in binary options, but the funds were used to fund their lifestyles.
In 2023, the four were convicted and sentenced to a combined 24 and a half years.
Steve Smart, executive director, Enforcement and Market Oversight at the FCA, said: “We are committed to fighting financial crime, including denying criminals their ill-gotten gains. We’ve already successfully prosecuted these individuals for their part in a scam that conned 120 people out of their money. We’re now seeking to recover as much as we can for victims.”
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Peter Glover held several roles, including Group Superintendent Pharmacist, and most recently worked in a Professional Services Advisory role.
PETER GLOVER, a long-standing member of the Day Lewis Group, died on 10 May 2025. He was with the company for 37 years, having joined in June 1987 as a pharmacist.
He held several roles, including Group Superintendent Pharmacist, and most recently worked in a Professional Services Advisory role. He was part of the senior management team for decades.
JC Patel, Co-Founder of Day Lewis Group, said: “Peter was much loved and well-known across the pharmacy industry. His contributions to the field were significant and his legacy will be remembered by all who had the privilege of working with him. He leaves behind a lasting impact on Day Lewis and the wider pharmacy community.”
The company extended condolences to his family and friends.