TechnoclinicTechnoclinic
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Apple Ready With Blueprint for Manufacturing iPhones in India
Share
Sign In
Aa
TechnoclinicTechnoclinic
Aa
Search
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Technoclinic > PHONES > Apple Ready With Blueprint for Manufacturing iPhones in India
PHONES

Apple Ready With Blueprint for Manufacturing iPhones in India

srijita
Last updated: 2017/01/29 at 3:47 PM
srijita
Share
SHARE

Apple Ready With Blueprint for Manufacturing iPhones in India

Apple Inc on Wednesday indicated to the government that it is ready with a blueprint to begin manufacturing iPhones in India, but wants fiscal concessions, including Customs duty waiver on import of components.

Apple executives made a detailed presentation on its road map for setting up a manufacturing unit in India to an inter-ministerial group headed by Department of Industrial Policy and Promotion Secretary Ramesh Abhishek, sources privy to the development said.

The presentation was made by senior executives of the company, including Global Vice-President (iPhone operations) Priya Balasubramanian. It cited the country’s business friendly ecosystem for keenness to start local manufacturing.

With sales tapering in the US and China, Apple is eyeing India – the fastest growing smartphone market in the world – and looking to set up a local manufacturing unit to cut costs.

It, however, does not manufacture devices on its own and rather does it through contract manufacturers.

Besides exemption from the Customs duty on imports of components and equipment for 15 years, Apple wants relaxation in the mandated 30 percent local sourcing of components.

When contacted, Apple spokesperson told PTI: “We have been working hard to develop our operations in India and are proud to deliver the best products and services in the world to our customers here.”

The spokesperson added: “We appreciate the constructive and open dialogue we have had with the government about further expanding our local operations.”

On the duty and tax-related concessions being sought by the company, the sources said most of them are within the policy domain and decisions will be taken by the respective departments.

“They are seeking certain duty exemptions and other concessions. Respective departments will look at those demands,” they added.

The official also said the company has indicated that it would gradually make India a major manufacturing hub for its products.

“The company setting up its manufacturing unit in India is going to be a reality. They have full-fledged plans. There is no policy impediment. They would also bring their supply chains,” the sources divulged.

The company executives on Tuesday called on Commerce and Industry Minister Nirmala Sitharaman.

In a communication to the government, the Cupertino-based technology major has asked for several tax and other incentives, including long-term duty exemptions, to enter the manufacturing sector in India.

Currently, the government provides support by way of benefits under the Modified Special Incentive Package Scheme (MSIPS) to boost electronic manufacturing.

The company sells its products through Apple-owned retail stores in countries like China, Germany, the US, the UK and France, among others. It has no wholly-owned store in India and sells its products through distributors such as Redington and Ingram Micro.

[“source-ndtv”]

TAGGED: Apple, Blueprint, for, in, India, iPhones, Manufacturing, Ready, With

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
srijita January 29, 2017
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Intex Cloud Q11 4G With Selfie Flash, VoLTE Launched at Rs. 6,190
Next Article Xiaomi Mi 5c Launch Pegged for February in New Leak; Won’t Support Fast Charging

Latest News

How to Prepare for the Mandatory Windows 11 Upgrade
LAPTOPS
How to Clean Your Flat-Screen TV The Right Way
HDTV
AI and Content Management: How Organizations Can Prepare for the Future
SOFTWARE
What is Application Software: Function and Features of Application
APPS
Case Study: Nissan and Teads’ Immersive Concept Car Campaign Transformed Scrolls into Stories
NEWS
Review of Hootsuite: Advantages, Drawbacks, Features, and Other Options
REVIEWS

Most Viewed Posts

  • Bengaluru Lady Turns Blinkit Conveyance Specialist For A Day And Her Choice Prompted Significant Changes In Application (1,237)
  • Choosing the Right Tablet for Blogging and Writing On the Go (1,157)
  • How to Start a Product Review Blog (Templates & Examples) (1,104)
  • How To Start A Review Blog and Get Free Review Products (1,095)
  • What You Need to Know About Smartphones vs. Tablet use of the Mobile Internet (1,074)

© 2023 TechnoClinic Network. TechnoClinic Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?