India proposes tax-break extension to 2041, bolstering Apple’s local iPhone supply chain
Draft tax amendments would extend exemptions for foreign suppliers of machinery and components to Indian contract manufacturers through March 2041, subject to parliamentary approval. The move supports Apple’s expanding India production base, projected to account for 26% of global iPhones in 2026.
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-center leasing rules and supports export-oriented bonded manufacturing facilities.
Why this matters
The proposal follows signals of Apple supply pressure from M5 MacBook Air memory shortages and India’s 24th-place iPhone 17 Pro pricing rank.
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