“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,” Manoj Kumar reports for Reuters. “The tax concessions will be subject to the condition of increasing local value addition over a period of time.”
“Cupertino, California-based Apple last week started making iPhone SE at its Taiwanese contract manufacturer Wistron’s plant in Bengaluru,” Kumar reports. “Among a set of tax concessions, Apple had initially sought a 15-years tax holiday for all components that it would import for setting up a manufacturing facility in India.”
“A panel of ministries rejected that demand and has offered a phased program to increase the share of local production in the manufacturing, Aruna Sundararajan, Secretary at the Ministry of Electronics and IT said. ‘We have offered them tax exemptions on those components which could not be manufactured in India,’ Sundararajan told Reuters, adding that local manufacturing component would have to be increased gradually,” Kumar reports. “Apple has agreed to increase local share in production over a period of time, but there was a difference between the plans of the two sides, she said.”
Read more in the full article here.
MacDailyNews Take: Getting closer.
SEE ALSO:
Apple begins manufacturing iPhone SE in India – May 17, 2017
Indian government working on Apple’s demand for tax and duty concessions – March 26, 2017
Apple to start making iPhones in India within 4-6 weeks – March 23, 2017
India turns down Apple’s tax incentive demand – March 22, 2017
Apple trying to make a foothold in India, despite roadblocks – March 20, 2017
Apple again asks Indian government to allow sale of certified refurbished iPhones in India – February 6, 2017
Indian IT minister says Apple plans to make iPhones in Bengaluru – February 3, 2017
Apple nears deal to manufacture products in India – January 25, 2017
Apple is ready to make iPhones in India, for a price – January 20, 2017
India to consider Apple request for tax breaks and policy exemptions with ‘open mind’ – January 18, 2017
Apple is horse-trading mightily with India – January 4, 2017
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
iPhone 7 and 7 Plus launch in India: Apple’s latest flagship gets record-breaking response – October 8, 2016
in other words, corporate welfare
Does MDN propose that the USA race to the bottom offering Apple a better deal?
bull…it’s making money welcome. When the President gets that 15% corporate and business tax in our country.
you’re goddamned idiot…but I bet if you lived near a state border and the state you lived in had a 12% sales tax and the border state had a 4%…you’d be laying rubber in your Prius to buy in the border state.
So you don’t believe in the adage, you get what you pay for? Some of us actually like to spread prosperity in the communities we live.
Reading your bullshit over the years proves that you want New York City infrastructure on a Bhopal budget — with your insulated bubble protected by a hideous deficit-bloating oversized military paid for by your great grandchildren.
I thought Mac owners were more interested in wise investment versus being cheap and selfish.
For the record, Oregon doesn’t have a sales tax. How many Californians rush north to do their shopping?
you’re an idiot.
Oooh. From ignorant blowhards like you, that is a fabulous compliment.
Well, normally I’d tell you to keep talking…but let’s review:
• The Presidency
• The Senate
• The House
• The Supreme Court
• The Governorships
• The State Houses
…except there’s nothing else left for you to blather about. You are yet another denizen of the impotent basket of irrelevants.
is that “realist” enough for you, shït-for-brains?
What other authoritarian regimes can claim the same thing?
We know how little regard you have for democracy and government transparency, you spittling dimwit.
Except authoritarian regimes aren’t elected by free will, you marxist POS.
Except they often are, and become more authoritarian by degrees when the power-mad executive realizes that nobody is willing to stick his neck out to stop the madness and restore proper checks and balances.
You are truly off your rocker, botty. Always a brainless cheerleader for your partisan faction, never caring about anyone else.
Look, stupid, ALL elected levels of government have totally rejected your marxist ideology…go run for mayor of Caracas, that’s where you belong.
Hey dumbass botvinnik — there’s a difference between crony capitalism and marxism. Not that you would understand the difference.
Did you even read the article? Apple went into India demanding 15 years of ZERO taxation on component imports into India. How exactly is a municipality supposed to pay for necessary infrastructure improvements and maintenance for 15 years while the foreign megacorporation pays nothing? Well they go into debt or hike taxes on the local population, which brings assholes like you out of the woodwork to whine about how inefficient and evil government is. I assume India worked out a better deal — you would think the cheap labor would be more than adequate for Apple to expand without asking for special tax treatment.
Get a clue, moron.
…more rejection from a bitter clinger..the impotent basket of unelectables.
God help us all if Apple ever starts manufacturing components or anything else in India! India has many charms, but manufacturing expertise is not one of them. Made in India means slipshod production all the way.