India proposes extending contract-manufacturing tax breaks, boosting Apple supply chain
India has proposed extending tax exemptions to March 2041 for overseas suppliers of machinery and components to local contract manufacturers, potentially supporting Apple’s expanding iPhone production base. The measures require parliamentary approval.
India proposes extending tax exemptions to 2041 for foreign firms supplying machinery and components to Indian contract manufacturers, benefiting Apple’s expanding iPhone supply chain. The draft also eases data-centre leasing rules and offers diamond-trading tax incentives.