Economics
Apple Said to Seek Lower Taxes to Start Manufacturing in India
- Co. wrote to government seeking lower import and excise duties
- Said to want lower tariff even after GST is rolled out
Does Apple Need India More Than India Needs Apple?
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Apple Inc. wants India to offer tax concessions on iPhones that the company plans to manufacture in the country, a person with knowledge of the matter said.
The company wrote to the industry ministry last month seeking lower import and manufacturing duties, the person said, asking not to be identified citing rules on speaking to the media. The concessions should continue even after the government rolls out its goods and services tax which is expected to subsume all existing tariffs, the person said.