Indian government considering exemptions sought by Apple for local manufacturing: Report

Apple is asking the government to wave off the local sourcing norms for setting up its own retail stores and is additionally seeking financial concessions.

By Digit NewsDesk | Published 06 Oct 2017 10:50 IST
HIGHLIGHTS
  • Apple is asking the government to wave off the local sourcing norms for setting up its own retail stores and is additionally seeking financial concessions.

Indian government considering exemptions sought by Apple for local manufacturing: Report
Indian government considering exemptions sought by Apple for local manufacturing: Report

The Indian government is considering exemption sought by Apple for setting up iPhone assembly units, reports Reuters. The announcement comes after the government approved Chinese smartphone maker Oppo's proposal to set up its own single-branded retail stores in the country.

Ramesh Abhishek, the top bureaucrat in the Department of Industrial Policy and Promotion confirmed that the government is looking into Apple's request for exemption. The department is part of India's commerce and industry ministry. Apple is currently assembling iPhone SE, its cheapest iPhone here, with the help of contract manufacturer Wistron in Bengaluru. However, it wants to expand its local operations by setting up dedicated base for manufacturing in collaboration with Foxconn.

According to reports, Apple is seeking to expand its manufacturing operations and also set up its own retail stores. The Cupertino-based iPhone maker is asking the government to wave off the local sourcing norms for setting up its own retail stores and is additionally seeking financial concessions as well. Apple is said to have asked the government for a 15-year tax exemption on import of components and other equipments. Apple executives have met top government officials during the past year to seek concessions and details its local manufacturing plans.

The government has already relaxed the rules for setting up single-brand retail channels in the country. While single-brand store setup demands 30 percent loca; sourcing, technology companies can operate their stores for three years before meeting the norm. However, Apple wants more than relaxation and is demanding full exemption from this norm.

It is not evidently clear whether Apple will soon have its stores, also called as Town Square, in the country. One thing is clear, Apple might soon get the exemptiom it has been demanding from the government.

Digit NewsDesk
Digit NewsDesk

Email Email Digit NewsDesk

Follow Us Facebook Logo Facebook Logo Facebook Logo

About Me: Digit News Desk writes news stories across a range of topics. Getting you news updates on the latest in the world of tech. Read More

Advertisements

Trending Articles

Advertisements

LATEST ARTICLES View All

Advertisements

Hot Deals View All

AGARO 33511 MAGMA Air compression leg massager with handheld controller, 3 massage mode and intensity for feet, calf and thigh Massager  (Black)
AGARO 33511 MAGMA Air compression leg massager with handheld controller, 3 massage mode and intensity for feet, calf and thigh Massager (Black)
₹ 6199 | $hotDeals->merchant_name
IRIS Fitness Leg and Foot Massager  (Red)
IRIS Fitness Leg and Foot Massager (Red)
₹ 10999 | $hotDeals->merchant_name
ARG HEALTH CARE Leg Massager for Pain Relief Foot, Calf and Leg Massage with Vibration and Heat Therapy (Golden)
ARG HEALTH CARE Leg Massager for Pain Relief Foot, Calf and Leg Massage with Vibration and Heat Therapy (Golden)
₹ 15499 | $hotDeals->merchant_name
HP 15.6 LAPTOP BAG Backpack  (Black, Black, 25 L)
HP 15.6 LAPTOP BAG Backpack (Black, Black, 25 L)
₹ 275 | $hotDeals->merchant_name
ah arctic hunter Anti-Theft 15.6 inches Water Resistant Laptop Bag/Backpack with USB Charging Port and for Men and Women (Black)
ah arctic hunter Anti-Theft 15.6 inches Water Resistant Laptop Bag/Backpack with USB Charging Port and for Men and Women (Black)
₹ 2699 | $hotDeals->merchant_name
DMCA.com Protection Status