Live
- BJP refutes BJD charge of violence
- Migration, irrigation major issues in Bolangir Lok Sabha seat
- ChatGPT-4o Integrates with Google Drive: Enhanced Document Editing and Analysis Capabilities
- Modi arrives in Odisha to address poll rallies
- SIT visits pre-poll violence-hit Khallikote
- 82% of Indians Prefer Traditional Sweets, Shaping the Future of Post-Meal Indulgence: Survey
- Ex-BJD minister Samir Dash joins BJP
- Beat the Heat
- EC directs DEO to inquire into alleged violation of MCC by KTR
- 40 candidates join fray for 5 LS seats in Odisha
Apple seeks sops to make iPhones in India
Apple Inc on Wednesday indicated to the government that it is ready with a blueprint to begin manufacturing iPhones in India, but wants fiscal concessions, including Customs duty waiver on import of components.
New Delhi : Apple Inc on Wednesday indicated to the government that it is ready with a blueprint to begin manufacturing iPhones in India, but wants fiscal concessions, including Customs duty waiver on import of components.
Apple executives made a detailed presentation on its road map for setting up a manufacturing unit in India to an inter-ministerial group headed by Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek, sources privy to the development said.
The presentation was made by senior executives of the company, including Global Vice-President (iPhone operations) Priya Balasubramanian. It cited the country's business friendly ecosystem for keenness to start local manufacturing. With sales tapering in the US and China, Apple is keen on India, which is the fastest growing smartphone market in the world, and looking to set up a local manufacturing unit to cut costs.
It, however, does not manufacture devices on its own and rather does it through contract manufacturers. Besides exemption from the Customs duty on imports of components and equipment for 15 years, Apple wants relaxation in the mandated 30 per cent local sourcing of components.
