Need tax breaks for suppliers to manufacture iPhones in India, Apple tells govt | business-news | Hindustan Times
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Need tax breaks for suppliers to manufacture iPhones in India, Apple tells govt

Apple has asked the Indian government to extend tax breaks to its suppliers if New Delhi seeks to become a manufacturing hub for iPhones and its components.

business Updated: Aug 02, 2017 08:55 IST
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Tim Cook, CEO, speaks during Apple's annual world wide developer conference (WWDC) in San Jose, California, US June 5, 2017.
Tim Cook, CEO, speaks during Apple's annual world wide developer conference (WWDC) in San Jose, California, US June 5, 2017. (Reuters)

Apple Inc. has asked the Indian government to extend tax breaks to its suppliers if India seeks to become a manufacturing hub for iPhones and its components.

Government officials say meeting this request would require a new policy that applies fairly to other device makers too.

The US tech giant has been in talks with Indian officials since May of last year, when CEO Tim Cook and Prime Minister Narendra Modi agreed to set up a production base in the country that goes beyond just assembling the devices, as happens today.

Read the full story here.

(Published in arrangement with Livemint)