Search Result for : Apple

The Dollar Business Bureau  American tech giant Apple Inc has sought changes in the phased manufacturing programme (PMP) of the government as the iPhone maker plans to establish a manufacturing unit in India. The Ministry of Electronics and IT came out with the PMP with the objective to boost indigenous manufacturing of mobile phones by offering tax sops and other incentives on accessories and components used in the devices. This programme will be implemented over a period of time. “The department of electronics and information technology (DeitY) is looking at this. They want alignment of duty structures on the mobile components which it proposes to make here. In the current PMP, Apple's plan is not fitting,” an official told to PTI. DeitY is having ...

The Dollar Business Bureau  The United States President Donald Trump said on Wednesday that he will be announcing his decision regarding the landmark Paris Climate Accord on Thursday which is today. “I will be announcing my decision on Paris Accord, Thursday at 3:00 pm. The White House Rose Garden. MAKE AMERICA GREAT AGAIN!,” the US president said in a tweet. To withdraw from the Paris climate change accord, was one of the key electoral promises of Trump.  Though he still seems to be undecided about the total withdrawal from the Paris agreement, officials from the White House told media on Wednesday, this is a move that would risk rupturing international alliances and disappoint environmentalists as well as corporate titans. Although the officials cautioned that ...

The Dollar Business Bureau US-based technology giant Apple Inc on Wednesday said it is starting initial production of iPhone SE in a ‘small number’ in Bengaluru and begin the shipping of its ‘Made in India’ phone to domestic consumers this month. “We are beginning initial production of a small number of iPhone SE in Bengaluru. iPhone SE is the most popular and  powerful phone with a four-inch display in the world and well begin shipping to domestic customers this month,” the company said. Earlier, in February, the government of Karnataka had announced the proposal of Apple to begin initial manufacturing process in Bengaluru. Priyank Kharge, IT Minister, Karnataka government had said on March 30 that Apple Inc would be ready to commence the assembling of iPhones in Bengaluru within a ...

The Dollar Business Bureau  Apple CEO Tim Cook has expressed resounding optimism for growth prospects of the underpenetrated brand in India – the world's third-largest smartphone market.  "We’re very optimistic about our future in this remarkable country with its very large, young, and tech-savvy population, fast-growing economy, and improving 4G network infrastructure,” Cook said in the second quarter results earnings call yesterday.  Talking about India's investment in 4G infrastructure, Tim also said that growing 4G network in the country was a positive indication for Apple to concentrate more of its efforts in establishing a local presence.  “But they are moving fast. They’re moving at a speed that I have not seen in any other country in the world once they were started, and it is ...

PTI Cautioning against protectionism, RBI Governor Urjit Patel has said where would giant American corporations like Apple, Cisco and IBM be if they had not sourced the best products and talent from across the world. "I don't think that we have heard the last word on US policy talk about this because there is a push back internationally that the world has benefited from an open trading system," the Reserve Bank of India (RBI) governor said after delivering a lecture here. He made the remarks in response to a question on the rise of protectionist tendencies in major world economies after he delivered the Third Kotak Family Distinguished Lecture, sponsored by the Raj Center on Indian Economic Policies at the Columbia ...

The Dollar Business Bureau  Minister of Commerce and Industry, Nirmala Sitharaman on Friday said that the demands of the US tech-giant Apple regarding tax sops in order to establish a manufacturing facility in India will be looked into only after the roll out of the GST (Goods and Services Tax). “GST will be coming soon. So, tax-related incentives demanded by Apple will have to be looked from a different angle,” the Minister told a leading news agency on the sidelines of Chemexcil event in Delhi. Most of the demands of Apple have not been accepted by the government, she added. The American phone maker plans to establish a manufacturing facility in Bengaluru in 2017 for assembling its products, primarily the iPhone models - 6 and 6s and ...

The Dollar Business Bureau  Foxconn Country Head and MD Josh Foulger paid a courtesy visit to Commerce Minister Nirmala Sitaraman on March 21, 2017. Among other things, the two leaders discussed export incentives for mobile phones.  The manufacturing contractor for some of the biggest global brands like Apple expressed concerns over increased costs due to 2% import duty imposed on printed circuit boards. As a result, the domestic industry has suffered from uncompetitive prices in the manufacturing of feature phones and related accessories Foulger said. The industry had demanded a slew of measures for export incentivisation earlier in anticipation of the budget. The increase of credit under Merchandise Exports from India Scheme (MEIS) from the current 2% rate to 5% was one of the most voiced out wishes. Under MEIS, exporters are credited in ...

PTI  The growth rate of Himachal Pradesh is expected to be 6.8 per cent and per capita income likely to rise to Rs 1.47 lakh during 2016-17, as per the Economic Survey of the state. "The Gross State Domestic Product (GSDP) is expected to increase from Rs 1,13,667 crore in 2015-16 to Rs 1,24,570 crore in 2016-17, while the growth rate under the 12th Plan (2012-17) has been estimated at 7.2 per cent," said the Economic Survey for the current financial year, presented by Chief Minister Virbhadra Singh in the Assembly today. The food grains production which was 16.34 lakh tonnes in 2015-16 is likely to slip to 16 lakh tonnes while the Horticultural production would be about 5.10 lakh tonnes ...