For months, tech-giant Apple has been seeking ways to enter the Indian market while upholding 'business facets' - minimum risk and maximum profit. However, if Tim Cook thought he would have it easy with India, he's probably mistaken - Indians are admirably better at setting terms and conditions of a bargain than most others.
Last month, Apple announced plans to make iPhones for the Indian market in Bengaluru in association with Wistron, a Taiwanese OEM manufacturer for Apple and will start production by April 2017.
According to reports published in The Business Standard, Foxconn, the biggest contract manufacturer for Apple has also been roped in to set up a manufacturing unit in India.
Apple wants to replicate its China success in India - But it has conditions that the government needs to look into.
What Apple wants from the government
1. 15-year custom duty exemption
2. Concessions like relaxation in labelling rules
1. 15-year custom duty exemption
2. Concessions like relaxation in labelling rules
What does the government have to say about this?
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