Apple is in talks about expanding production in India in exchange for tax benefits
Apple, whose share of the smartphone market for the year decreased from 14.8% to 13.7%, is interested in increasing sales of its smartphones in India.
To this end, it plans to expand the production capacity of its contract partner in Bangalore. We are talking about the factory of the Taiwanese company Wistron, which last week began production of Apple iPhone SE.
According to the source, Apple is already holding the relevant negotiations by the Indian government. Increasing local production, the company hopes to obtain tax benefits.
Initially, Apple demanded exemption from tax on all imported components that are required for the production of smartphones in this country for 15 years.
The Indian government was ready to release the Apple from the tax. However, in his opinion, speech should go only about features that are impossible to buy in the domestic market. Gradually, their share should be reduced, so that in three years the share of locally sourced components were not less than 40-50%.
Sources: Reuters, Reuters