Apple may get tax breaks till 2041 as India plans major manufacturing boost

India has proposed extending tax exemptions for foreign companies supplying machinery to contract manufacturers until 2041, a move that could significantly benefit Apple's growing manufacturing operations in the country. The proposal, if approved by Parliament, would provide long-term tax certainty as Apple continues shifting more iPhone production from China to India.

New Delhi: Apple could receive another major boost for its manufacturing operations in India. The Indian government has reportedly proposed to extend tax exemption for foreign companies supplying machinery to the contract manufacturers till 2041. If approved by Parliament, the move could strengthen India’s position as a key production hub for Apple’s iPhones.

The move........

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