The Hindu·3 min read·medium
India proposes extending tax breaks for contract manufacturing in a boost for Apple
R
Reuters
✦AI Summary
The Indian government has proposed extending tax exemptions until 2041 for foreign companies that supply machinery to contract manufacturers. This move is expected to benefit Apple as it expands its manufacturing footprint in India.
India has proposed extending tax exemptions until 2041 for foreign companies that provide machinery to contract manufacturers, handing a major win to Apple which had lobbied for such changes, and is fast expanding in the market.
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