Apple Manufacturing Products in India 'Almost a Done Deal'

Apple Manufacturing Products in India 'Almost a Done Deal'

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Apple is near a deal to manufacture its products in India, reports the WSJ. Apple VP Priya Balasubramaniam and other executives met with senior Indian government officials in New Delhi on Wednesday to discuss their proposals.

“It’s almost a done deal,” an official told the journal.

Apple wants tax and tariff exemptions which the Finance Ministry is willing to look into. “Many of the incentives sought by Apple are workable,” said the official.

Manufacturing devices such as the iPhone in India would make it easier for Apple to open its own stores in the country. India is home to 1.2 billion people and could be a significant source of growth for the company in the future. Currently, Apple has less than 5% share of the market in India.

Another official who works closely with Indian Prime Minister Narendra Modi said that Apple wants a 15-year tax holiday on imports of components and equipment. The official also said that the government intends to 'settle with Apple'.

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Apple Manufacturing Products in India 'Almost a Done Deal'

Great again! - January 26, 2017 at 7:10am
Build the fence!!! This is unacceptable. Hopefully Trump pumps up Apple's taxes until they crawl back home!
Monica Lewinski - January 26, 2017 at 3:04am
The next iphone will be called iphone curry
Spawntech - January 25, 2017 at 5:32pm
The goes Trump proposal of manufacturing products in USA. How do you compete when labor is cheaper and Apple is getting a tax break in India?