Govt ‘favourably’ considering Apple’s proposal

0
170

The proposal is with the the commerce and industry ministry and it is “favourably” considering the proposal, sources said.

“Although no final decision has been taken yet and the proposal has to be finally approved by the Prime Minister’s Office but a few states are ready to welcome them,” they said.

Last month, Apple Inc had indicated to the government that it is ready with a blueprint to begin manufacturing iPhones in India but wants fiscal concessions, including Customs duty waiver on import of components.

With sales tapering in the US and China, Apple is eyeing India — the fastest growing smartphone market in the world — and looking to set up a local manufacturing unit to cut costs.