Govt seeks details of proposed manufacturing facility from Apple in India

Apple logo. Photo: Reuters

Latest News – The government has sought investment and job creation details from iPhone maker Apple in order to facilitate setting up its proposed manufacturing facility in India.

A view on Apple’s application for tax concessions would be taken up after considering the levels of investments and the benefits that are likely to accrue to the Indian economy, sources said.

Departments including revenue, electronics and information technology, and industry are deliberating upon the Cupertino-based technology major’s proposal to set up smartphone manufacturing facility in India.

Earlier, Apple Inc had indicated to the government that it is ready with a blueprint to begin manufacturing iPhones in India, but wants fiscal concessions, including customs duty exemptions, duty waiver on import of components, permission to repair and re-export smartphones (Read More)

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