Apple seeks changes in PMP for setting up unit in India
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 ...
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 ...
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 ...
Apple team to meet Govt officials on Jan 25
The Dollar Business Bureau Notwithstanding earlier claims that US President-elect Donald Trump had exhorted Apple to relocate its manufacturing plants in the United States, a team of Apple will meet later this month several senior officials from various ministries, including from Ministry of Commerce, Ministry of Finance, to discuss setting up a manufacturing unit in India. The US-based technology major issued a communication to the Indian government to ask for various tax-related and other incentives, as well as long-term duty exemptions, to set up its manufacturing facility in India. Officials from Department of Industrial Policy & Promotion (DIPP), Department of Electronics and Information Technology (DeITY), Revenue, Environment & Forest will also take part in the meeting on January 25. The commerce ministry had previously ...
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, ...
US, EU question Indias apple import policy
The Dollar Business Bureau European Union and the United States raised concerns over India’s recent policy to limit the entry of imported apples to only the Jawaharlal Nehru Port (Nhava Sheva) in Navi Mumbai and questioned India of distorting trade compliance under its WTO commitments. They requested India to give further information on the consequences if apples are imported through other ports, i.e. Chennai, Kolkata and Krishnapatnam. “The US meanwhile said the measure has so far "had an impact on trade" and took issue over the lack of a comment period before the new policy was implemented. New Zealand, Chile, and Australia also echoed these concerns,” the global body said in a statement. In reply, India said that the measure doesn’t ...
