India proposes extending export-manufacturing tax break to 2041, bolstering Apple’s supply chain
A draft bill would extend tax exemptions for foreign suppliers serving export-focused electronics manufacturers in bonded zones through March 2041, subject to parliamentary approval. The move could reduce tax uncertainty as India targets a larger share of global iPhone production.
India’s draft bill would extend tax exemptions for foreign suppliers to export-focused electronics manufacturers until 2041, benefiting Apple’s India production expansion. The measure covers equipment and component supply in bonded zones and aims to reduce tax uncertainty for manufacturers.
Why this matters
The proposal follows recent signals on a 2041 tax-break extension for Apple-linked contract manufacturers and Apple’s local iPhone supply chain; India also ranked 24th of 41 markets for iPhone 17 Pro pricing.
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