India proposes extending contract-manufacturing tax breaks to 2041, aiding Apple’s iPhone push
India has proposed extending tax exemptions for overseas suppliers of equipment and components to contract manufacturers from March 2031 to March 2041. If approved by Parliament, the move would reduce policy uncertainty around Apple’s expanding India production and export base.
India has proposed extending tax exemptions through 2041 for foreign firms supplying equipment and components to contract manufacturers, boosting Apple’s India iPhone production expansion and export supply chain while reducing tax uncertainty.
Why this matters
The proposal follows recent signals on India extending supplier and export-manufacturing tax breaks to 2041, alongside Apple’s iPhone buying guide on timing before a rumoured iPhone 18 launch.
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