Government wants Apple to consider new policy for local manufacturing - News Summed Up

Government wants Apple to consider new policy for local manufacturing


NEW DELHI: The government wants iPhone maker Apple to consider a new manufacturing scheme offering duty benefits to set up its plants in the country. "Apple had asked for a set of concessions. For a period of 15 years all the components that Apple imports, they want them to be free of duty. We have a phased manufacturing programme (PMP) because we want more and more value addition to come to the country. "Right now the value addition is minimal.


Source: Economic Times April 29, 2017 16:07 UTC



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