India beckons big tech firms, allows imports of used goods for repair - News Summed Up

India beckons big tech firms, allows imports of used goods for repair


Apple has been in talks with the Indian government for months, seeking tax breaks and incentives to expand its operations in the country. Photo: BloombergNew Delhi: India on Wednesday allowed the import of used goods for repair and refurbishing on condition that the imported items are exported, a move that could entice companies like smartphone maker Apple further into the Indian market. Electrical goods and tech gadgets are the largest US import items from China. “Trump’s trade war with China could be a win for India,” said Neil Shah, partner at tech research firm Counterpoint. Apple has been in talks with the Indian government for months, seeking tax breaks and incentives to expand its operations in the country.


Source: Mint March 29, 2018 04:18 UTC



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