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Mobile Subscribers Yearwise comparision

Government seeks details of proposed investments in India from Apple

June 23, 2017

The government has sought investment and likely job creation details from US-based handset vendor Apple in order to facilitate the setting up its proposed manufacturing facility in India.

This comes after Apple 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 and continuation of certain tax incentives after the implementation of the Goods and Services Tax (GST). While the government is actively considering Apple’s proposal, a view on its demand 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.

Earlier in May 2017, Apple had said that it has begun initial assembling of its iPhone SE handset at Peenya in Bengaluru. Apple has given the contract to Taiwan-based original equipment manufacturer Wistron for the assembling operations.

 
 

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