Apple selling iPhones manufactured in India on trial basis
The Dollar Business Bureau In a bid to test the waters of selling the manufactured iPhones in India, Apple has authorised some select stores to sell a limited number of these phones in the country. Confirming the news to the media, a PTI source said, "Apple is selling iPhone SE in India at select stores. These phones were assembled in India on trial basis in limited quantities.” iPhone SE’s manufacturing began in Bengaluru and have hit the markets since May 2. A photo shared by the PTI source showed details of the iPhone SE having 32GB storage capacity with a ‘Designed by Apple in California and Assembled in India’ printed on the box. The cost of this phone inclusive of al taxes is ...
Apples iPhone SE local production to start this month
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 ...
Govt exploring ways to accommodate Apple's tax concession demands
The Dollar Business BureauThe government is exploring ways to accommodate iPhone maker Apple’s demands on tax and duty concession for setting up its manufacturing plant in India. Apple has been seeking concessions from the government as it plans to bring its supply chain in the country since it cannot source these inputs locally. The Cupertino-based company also seeks duty exemptions on the products that it procures from special economic zones (SEZs). Currently, goods shipped from SEZs do not attract any duty, but if goods manufactured in SEZs are sold in the domestic market then it attracts import duties on these products. However, since the government has been aiming to make India a manufacturing hub for smartphones, it may not extend duty concessions ...
Govt exploring ways to accommodate Apple's tax concession demands
The Dollar Business BureauThe government is exploring ways to accommodate iPhone maker Apple’s demands on tax and duty concession for setting up its manufacturing plant in India. Apple has been seeking concessions from the government as it plans to bring its supply chain in the country since it cannot source these inputs locally. The Cupertino-based company also seeks duty exemptions on the products that it procures from special economic zones (SEZs). Currently, goods shipped from SEZs do not attract any duty, but if goods manufactured in SEZs are sold in the domestic market then it attracts import duties on these products. However, since the government has been aiming to make India a manufacturing hub for smartphones, it may not extend duty concessions ...
Govt reluctant to give special sops for Apple plant in India
The Dollar Business Bureau The Indian government is not likely to extend concessions to the iPhone-maker Apple for setting up its manufacturing plant, government sources said, underscoring that no other foreign firm has asked for similar kind of incentive from the government. Last year, the US-based technology major has urged the Indian government to give tax and other market incentives to enter into the country’s manufacturing sector. The Ministry of Commerce and Industry officials said they should not be given any such benefits since no other cellphone manufacturer has sought similar incentives from the ministry. India is currently the best place to establish a manufacturing facility. As many as 42 manufacturers, including Chinese firm Huawei and Xiaomi, are making mobile phones in India. However, ...
Apple CEO visits India, likely to visit Hyderabad
The Dollar Business Bureau Tim Cook, CEO of American multinational – Apple Inc, is coming to Hyderabad, where he is expected to inaugurate Apple’s development centre and to have a meeting with Prime Minister Narendra Modi on the company’s plans for manufacturing in the country. Cook’s itinerary is to visit India after his visit to China. According to sources, the Apple CEO may arrive in the country on Wednesday, and is likely to meet PM Modi later in the week and also some officials of important ministries. Cook is expected to inaugurate the company’s development centre in Hyderabad on May 19, in which it has already invested $100 million. Cook's India visit comes at a critical juncture as the iPhone maker is ...
Govt reverses import duties on key mobile parts
The Dollar Business Bureau The Central Board of Excise and Customs (CBEC) on Friday reversed the import duty structure on certain mobile phone components such as batteries, chargers and headsets to 12.5 percent. Earlier, in his Union Budget speech 2016, the Finance Minister had withdrawn the exemption from basic customs duty, CV duty, SAD on charger/adapter, battery and wired headsets/speakers for manufacture of mobile phone. These mobile components accounts for almost 15-20 percent of the total cost of a mid-size mobile phone. The Indian mobile industry has hailed the government’s decision, saying the amendment in the duty structure would encourage affordable mobile phones in the world’s second largest mobile market. Josh Foulger, Country Head and Managing Director, Foxconn, said that ...
