India proposes tax-break extension to 2041 for Apple-linked contract manufacturers
India has proposed extending tax exemptions for foreign suppliers of machinery and parts to Indian contract manufacturers through March 2041, strengthening the policy backdrop for Apple’s expanding iPhone supply chain. The measure still requires passage by both houses of Parliament.
India has proposed extending tax exemptions to 2041 for foreign firms supplying machinery and parts to Indian contract manufacturers, benefiting Apple’s expanding iPhone supply chain. The measures aim to improve tax certainty, support exports and reduce supply-chain disruption risks.
Why this matters
The proposal follows signals of Apple’s strengthening India supply-chain position, including local iPhone supply-chain expansion and India’s 24th-of-41 iPhone 17 Pro pricing rank.
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