“Apple Inc. wants to be able to open its own stores in India. India’s government wants Apple to make iPhones locally,” Tim Culpan writes for Bloomberg. “And so the horse-trading begins.”
In India, “to open single-brand stores, foreign companies must buy 30 percent of their components in-country,” Culpan writes. “Round one of the Apple-India tussle ended with victory for the visitor when officials announced a three-year grace period on that stipulation back in June.”
“Now round two is underway, with Apple seeking tax concessions, including lower import and manufacturing duties, Shruti Srivastava of Bloomberg News wrote last week. India doesn’t look eager to give more ground because of the precedent it would set, Srivastava wrote Tuesday,” Culpan writes. “That puts the ball back in Apple’s court, with the world’s largest company able to trade its three major assemblers — Foxconn Technology Group, Pegatron Corp. and Wistron Corp. — off against each other. Whichever of the Taiwan trio is most eager and able to take one for the team in India would secure itself huge brownie points in Cupertino.”
Read more in the full article here.
MacDailyNews Take: India will help power Apple’s growth for many years.
We are in India for the next thousand years. Our horizon is very long. — Apple CEO Tim Cook
SEE ALSO:
India poised to reject manufacturing concessions for Apple – January 3, 2017
Apple doesn’t want India’s government to muddle iPhone’s look – December 29, 2016
Apple is discussing manufacturing in India, government officials say – December 20, 2016
Apple iPhone grabs first place in India with 66% of premium smartphone sales – November 29, 2016
Apple seeks government incentives to set up manufacturing unit in India – November 7, 2016
Apple still mulling over its plans for India retail stores – August 12, 2016
Reports of Apple’s death in India are greatly exaggerated – August 5, 2016
Apple leases more than 40,000 square feet of office space in Bengaluru, India – July 25, 2016
India clears path for first Apple Retail Store – July 21, 2016
Indian government expected allow Apple Retail Stores without any sourcing requirement for 2-3 years – June 6, 2016
Indian government discussing waiver to permit Apple Retail Stores – May 30, 2016
Blow for Apple and Indian consumers as Indian government pushes protectionism – May 25, 2016
Blow for Apple and Indian consumers as Indian government pushes protectionism – May 25, 2016
Apple hits setback in push to open retail stores in India – May 24, 2016
Apple’s U-turn in India: From arrogance to servility – May 23, 2016
Apple finds potential new factory hub – in India – May 23, 2016
Apple’s Tim Cook samples Bollywood, cricket, in bid to woo India – May 21, 2016
India shows Apple CEO Cook the love it’s yet to give the pricey iPhone – May 20, 2016
Apple CEO Cook: ‘We are in India for the next thousand years’ – May 20, 2016
Watch Apple CEO Tim Cook at his first cricket game in India – May 19, 2016
Apple opens Maps development office in Hyderabad, India – May 19, 2016
Apple CEO Cook debuts in India – May 18, 2016
Apple to open first-of-its-kind iOS App Design and Development Accelerator in India – May 18, 2016
Tim Cook visits India: Apple to expand its Indian software development center, build local start-up accelerator program – May 17, 2016
Apple Retail Stores to open in India by end of next year – May 16, 2016
iPhone sales surge 56% in India as Apple eats into Samsung’s high-end share – May 8, 2016
Apple deprivileged as India bows to Washington D.C. consensus on mobile phone import tariffs – May 7, 2016
India rejects Apple’s plan to import and sell refurbished iPhones – May 3, 2016
I’d bet a dollar that Apple will definitely have an Apple Store open in India no later than 2030.
No, that’s not a typo.