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Govt considering sops sought by Apple for setting up unit

By Reuters

  • 05 Oct 2017
Govt considering sops sought by Apple for setting up unit
Credit: Reuters

The Indian government is considering exemptions sought by Apple Inc for setting up a unit to assemble iPhones, Ramesh Abhishek, the top bureaucrat in the Department of Industrial Policy and Promotion, said on Thursday.

The department is a part of India’s commerce and industry ministry.

Apple has asked federal government officials for a range of tax and policy changes to help build out its iPhone assembly work in India.

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It is seeking permission to open its own retail stores in India where it currently sells iPhones through resellers.

India has given Chinese smartphone maker Oppo the go-ahead to open its own single-brand retail stores, boding well for rivals like Apple, which are seeking similar approvals.

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