Apple’s India checklist

As part of ongoing discussions with the Indian Government, US smartphone giant Apple has outlined a number of prerequisites that will determine the extent of its iPhone manufacturing operations in the country.

Apple’s requests cover a range of incentives that will enable to operate more cost-effectively. These include tax breaks and duty exemptions on raw materials and manufacturing equipment.

A newly released letter has revealed yet more details of the negotiations, particularly Apple’s demands.

It has been revealed that Apple is seeking more than just tax exemptions for its materials and components, but also capital on equipment – for as long as 15 years for both domestic and export markets.

The tech giant also wants regulations prohibiting the import of phones older than three years old to be relaxed. It is probably that this would enable Apple to import older iPhones, repair them in India and export them to international customers.

The letter also demanded that Apple be allowed to transfer pricing agreements between affiliates, as well as the loosening procedures that could impede the company’s manufacturing operations. The saga continues.   

Business Review Asia's January issue is live. 

Follow @BizRevAsia and @MrNLon on Twitter.

Business Review Asia is also on Facebook.

SOURCE: [Apple Insider]

Share

Featured Articles

People Moves: Pine Labs, Deutsche Bank, McKinsey, Fortinet

Pine Labs names former Amazon exec as chief people officer, Fortinet hires government affairs leader for APAC, McKinsey India poaches Accenture HR exec

Dialight envisions a world of industrial safety with LEDs

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Must-see speakers at TECH LIVE LONDON 2022 event

Technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force are among the 80-plus speakers at upcoming TECH LIVE LONDON

Vodafone Business cyber leader Kawalec speaks at Cyber LIVE

Leadership & Strategy

Twitter timeline – how Musk pulled off a hostile takeover

Leadership & Strategy

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

Leadership & Strategy