Apple has set up a manufacturing plant in Bengaluru to welcome Narendra Modi’s ‘Make in India’ policy. The company has already begun the initial production of 4-inch iPhone SEs last month. Now, American based company Apple is seeking concessions for manufacturing iPhones in India.
But first Indian government wants the company to tell them about their plans to invest in India and creating jobs before considering their request for tax concession. The government wants iPhone maker to inform them in detail before taking any future steps towards their request.
Modi government has been urging foreign investors to make products in the country as part of its ‘Make in India’ policy, which aims to increase the share of domestic manufacturing in the $2 trillion economy and create jobs.
Last year, the company had sought several incentives, including lower duties for importing components and equipment for a period of 15 years. However, the finance ministry turned down the company’s demands.