Apple Is Ready to Make iPhones in India, for a Price
Apple Said Ready to Start Making iPhones in India
This article is for subscribers only.
Apple Inc. is willing to start making iPhones in India, but it wants a big helping hand from Narendra Modi’s government first.
The Cupertino, California-based company is scheduled to meet with officials in New Delhi next week to discuss the prospects for setting up manufacturing facilities in the country this year. Apple, the most valuable company on Earth, is asking for a long list of financial concessions from India, one of the poorest countries. Among the requests, the company is seeking a 15-year tax holiday on imports of components and equipment, according to a person with direct knowledge of the matter.