You are here: Home » Technology » News » Others
Business Standard

India reluctant to give special tax incentives to Apple

Apple has sought tax concessions, including lower import and manufacturing duties

Reuters 

Apple
The logo of Apple is seen at a store in Zurich (Photo: Reuters)

India is resisting Inc.'s demand for tax incentives to make iPhones in the country, with the trade minister saying on Thursday that New Delhi may not make exceptions for the U.S. tech giant.

wants to open its own stores in India but has been asked by the government to locally source at least some of the components, as part of Prime Minister Narendra Modi's bid to boost manufacturing in the country.

has sought tax concessions, including lower import and manufacturing duties, to make iPhones locally, according to a government official familiar with the situation.

Trade Minister Nirmala Sitharaman said if India were to agree to any concessions, they would likely apply to all smart phone manufacturers, and not just Apple.

Smartphone component maker Wistron Corp, which counts Inc among its customers, has applied for permission to expand its plant in Bengaluru, a regional government official told Reuters on Monday.

declined to comment.

RECOMMENDED FOR YOU

India reluctant to give special tax incentives to Apple

Apple has sought tax concessions, including lower import and manufacturing duties

Apple has sought tax concessions, including lower import and manufacturing duties

India is resisting Inc.'s demand for tax incentives to make iPhones in the country, with the trade minister saying on Thursday that New Delhi may not make exceptions for the U.S. tech giant.

wants to open its own stores in India but has been asked by the government to locally source at least some of the components, as part of Prime Minister Narendra Modi's bid to boost manufacturing in the country.

has sought tax concessions, including lower import and manufacturing duties, to make iPhones locally, according to a government official familiar with the situation.

Trade Minister Nirmala Sitharaman said if India were to agree to any concessions, they would likely apply to all smart phone manufacturers, and not just Apple.

Smartphone component maker Wistron Corp, which counts Inc among its customers, has applied for permission to expand its plant in Bengaluru, a regional government official told Reuters on Monday.

declined to comment.

image
Business Standard
177 22

India reluctant to give special tax incentives to Apple

Apple has sought tax concessions, including lower import and manufacturing duties

India is resisting Inc.'s demand for tax incentives to make iPhones in the country, with the trade minister saying on Thursday that New Delhi may not make exceptions for the U.S. tech giant.

wants to open its own stores in India but has been asked by the government to locally source at least some of the components, as part of Prime Minister Narendra Modi's bid to boost manufacturing in the country.

has sought tax concessions, including lower import and manufacturing duties, to make iPhones locally, according to a government official familiar with the situation.

Trade Minister Nirmala Sitharaman said if India were to agree to any concessions, they would likely apply to all smart phone manufacturers, and not just Apple.

Smartphone component maker Wistron Corp, which counts Inc among its customers, has applied for permission to expand its plant in Bengaluru, a regional government official told Reuters on Monday.

declined to comment.

image
Business Standard
177 22