Govt To Offer Full Support To Apple To Set-up In India

Govt To Offer Full Support To Apple To Set-up Manufacturing Facility In India

The Indian Government will support Apple’s ambitions to set up its first manufacturing facility in the country, and is currently awaiting a formal proposal from the Cupertino major on the same, Commerce and Industry Minister Suresh Prabhu was quoted by PTI as saying.

In fact, the Indian Government is willing to call all state chief ministers to the table who are willing to give them the best deal to help Apple bolster PM Modi’s ambitious Make in India campaign.

“Let us get a good proposal from them…We will be very happy to receive Apple, one of the top brands in the world. We are willing to find out if there is any difficulty they may face. We will be more than happy to resolve that difficulty. So we will await a formal proposal,” Prabhu told PTI in an interview.

Apple has asked for certain concessions for setting up manufacturing unit in the country. The government, in turn, has sought investment and job creation details from the iPhone maker to facilitate setting up its proposed manufacturing facility in India.

Apple India had sought concessions, including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service/repair for a period of 15 years.

The company also wants relaxation in the mandated 30 percent local sourcing of components besides reduction in customs duties on completely knocked down and semi knocked down units of devices that are to be assembled in the country.

India requires that all foreign companies must stick with at least 30 per cent of locally sourced components. The clause is well meaning. It is intended to encourage local manufacturing. But the problem is that India lacks a supply chain that can effectively provide these 30 per cent components to companies. Cutting edge products like the iPhone require components that may not available in India’s current supply chain ecosystem and that could be a problem for majors like Apple.

In the meanwhile, Apple has started assembling at least one iPhone model the iPhone SE in India. The company has started assembling the iPhone SE models with its Taiwanese manufacturing partner Wistron Corp in Bengaluru. Wistron’s newly setup plant in Bengaluru will focus solely on assembling iPhones even as the Cupertino major seeks tax concessions from the Indian government to set up local production in the world’s fastest growing major mobile market. 

Related Technologies
India Post’s Parcel Revenue Surges By 37 Per Cent After E-commerce Boost
The Postal Department's strategy to focus on fast growing e-commerce segment has bore fruits as it saw a significant 37 per cent jump in parcel revenues in the past year. The ...
Read this technology
Starbucks Updates, Nike Among 50 Companies That Fail On Twitter
You may find shopping at a Nike showroom or visiting Starbucks for your favourite coffee a reason to cheer you up but according to a latest study, these two brands ...
Read this technology
GM, Lyft Announce Partnership To Develop Self-Driving Cars For Hire
General Motors Inc and Lyft Inc Monday announced an alliance to develop an on-demand network of autonomous vehicles as well as a $500 million investment by the automaker as part ...
Read this technology
BlackBerry Priv Android Phone, And It’s Up For Registration Now
Canadian handset maker BlackBerry's first shot at Android - ala Priv - may not have an official launch date yet, but the phone is now up for pre-registration on its ...
Read this technology
Infosys Launches Artificial Intelligence Platform
Software services major Infosys has launched an artificial intelligence platform 'Mana' that will help clients drive automation and innovation. The company said that the platform, that brings machine learning together with ...
Read this technology
WikiLeaks Publishes CIA Chief’s Personal Emails
The WikiLeaks organization posted material Wednesday from what appears to be CIA Director John Brennan's personal email account, including a draft security clearance application containing personal information. The material presumably was ...
Read this technology
A Need for Better Speed
Staying connected on the move is the need of the hour today and carriers are cashing on this opportunity. The first phase witnessed the launch of data cards that used ...
Read this technology
Facebook Brazil VP Jailed For Not Giving Access To WhatsApp Data
Brazilian police arrested a senior Facebook Inc executive on Tuesday as a dispute escalated over a court's demand that the company provide data from its WhatsApp messaging service to help ...
Read this technology
India Post’s Parcel Revenue Surges By 37 Per Cent After
Starbucks Updates, Nike Among 50 Companies That Fail On Twitter
GM, Lyft Announce Partnership To Develop Self-Driving Cars For Hire
BlackBerry Priv Android Phone, And It’s Up For Registration Now
Infosys Launches Artificial Intelligence Platform
WikiLeaks Publishes CIA Chief’s Personal Emails
A Need for Better Speed
Facebook Brazil VP Jailed For Not Giving Access To WhatsApp

Leave a Reply

Your email address will not be published. Required fields are marked *

Note: Please do not post any URLs, it will not publish