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India offers tax concessions to Apple to expand production: Govt official

Tax concessions will be subject to condition of increasing local value addition over period of time

Reuters  |  New Delhi 

India has offered to allow Apple Inc to import mobile handset components intended for use in local manufacturing tax free, a top government official said on Tuesday. The tax concessions will be subject to the condition of increasing local value addition over a period of time. Apple Inc wants to expand its contract manufacturer's facility in the Indian tech hub of Bengaluru, Ravi Shankar Prasad, the union minister for Electronics and IT, said on Tuesday, as the iPhone maker seeks a bigger share in one of the world's biggest smartphone markets. Cupertino, ...

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