Awaiting Apple’s formal proposal to set up India plant: Suresh Prabhu - News Summed Up

Awaiting Apple’s formal proposal to set up India plant: Suresh Prabhu


Commerce minister Suresh Prabhu says the government is willing to call all state chief ministers who are willing to give Apple the best deal to set up a manufacturing plant in India. Photo: HTNew Delhi: Commerce and industry minister Suresh Prabhu said the government will support iPhone maker Apple Inc. to set up manufacturing unit in the country and is awaiting a formal proposal from them. So we will await a formal proposal,” Prabhu told PTI in an interview. Apple has asked for certain concessions for setting up manufacturing unit in India. Apple India had sought concessions, including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service/repair for a period of 15 years.


Source: Mint November 26, 2017 13:07 UTC



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