Apple Inc. (NASDAQ: AAPL) CEO Tim Cook, along with four other executives including COO Jeff Williams, is visiting India and is scheduled to meet Prime Minister Modi. Global Equities Research’s Trip Chowdhry said Cook's India visit may change the sentiment for the stock.

Cook would spend a week in India and expectations are that Apple could make investments similar to what it did in China. To setup a retail presence in India, an MNC [Multi-National-Company], is required to be manufacturing at least 51 percent of the product in the country, Chowdhry noted.

Related Link: Tim Cook Just Completed A Tour Of China, Met With Didi Chuxing's President

Apple’s Plans For India

Foxconn has already acquired 1,200 acres of land with plans to make iPhones in India. Some iPhone are expected to be manufactured in India within next 18 months. It's highly likely that Apple would be permitted to own-and-operate its own Apple Stores in India. Apple has plans of creating a 1 million square feet development center in the city of Hyderabad.

Apple is “very under-penetrated” in India, with the country contributing only ~$1 billion in revenues in FY2015, Chowdhry mentioned. He added, “China and India can provide the much needed Organic growth for Apple - benefiting from both Organic Population Growth, and low iPhone penetration.”

Africa Next?

The analyst said Cook should visit Africa, following his visits to China and India, since this the dynamics of this continent are similar to China and India.

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