India seeks wider tax exemptions to draw Apple-linked electronics investment
New Delhi is considering extending tax exemptions for foreign technology groups supplying equipment to Indian contract manufacturers, a move aimed at deepening domestic electronics supply chains and attracting investment from companies such as Apple.
India is seeking to extend tax exemptions for foreign technology companies supplying equipment to local contract manufacturers, aiming to attract investment from companies such as Apple and strengthen domestic electronics manufacturing supply chains.
Why this matters
The proposal follows signals that Apple’s India sales crossed $10bn and its retail network reached six stores, showing the company’s expanding commercial and supply-chain presence in India.
Retail-company signals are accelerating, up 202143% QoQ.