Won’t give into Apple’s demand for tax concessions, Govt says

Won’t give into Apple’s demand for tax concessions, Govt says
The official said that Apple’s demands included tax concessions and local sourcing relaxation. Photo of PM Modi with Apple CEO, Tim Cook. Image Source: IANS
Written By: ZeeBiz WebTeam
Updated: Tue, Jan 03, 2017
04:50 pm
Mumbai, ZeeBiz WebDesk
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Indian government official on Tuesday said that the Centre will not give into Apple’s demands for tax concessions.

This comes after Prime Minister, Narendra Modi launched Make in India programme last year asking global manufacturing giants to set up factories in India. 

“Government won’t agree to Apple’s demands for concessions that others don’t get,” the official said, speaking in New Delhi.

The official added that Apple’s demands included tax concessions and local sourcing relaxation.

On December 30, Apple said that it was ‘very serious’ about setting up iPhone manufacturing centres in Bengaluru where it has already set up shop as its design and development accelerator.

In November the multinational technology company wrote to the Department of Industry Policy & Promotion and asked for lower import and manufacturing duties on iPhones manufactured in India.

A report by Bloomberg earlier said that Apple asked for the concessions which should continue even after the government rolls out its goods and services tax which is expected to subsume all existing tariffs.

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