A team from US-based iPhone maker Apple on Wednesday met Commerce and other ministries’ officials to seek tax concessions for manufacturing in India.
“We’ve been working hard to develop our operations in India and are proud to deliver the best products and services in the world to our customers here. We appreciate the constructive and open dialogue we’ve had with government about further expanding our local operations,” said an Apple India spokesperson.
Apple officials on Tuesday met Commerce Minister Nirmala Sitharaman to discuss “the issues”.
“They (Apple) are putting their demands and the government has to consider. It has to take 360 degree view, as others (foreign companies) are already here. They want some tax concessions and all,” said sources in the Commerce Ministry.
“In this case maybe they are asking for more and let’s see how it goes.”
Apple officials met the commerce minister Sitharaman on Tuesday. Both the parties discussed the issues.
However, the ministry officials believe the process is rudimentary as of now as there are still several stages to go and a consensus needs to be reached from all ministries involved.
“It is very rudimentary as of now. There are several stages to go. They will meet the officials, make a presentation, tell what they want. The government has to decide what has to be given what is not to be given. These are simple meetings going on,” sources said.
“It is not DIPP (Department of Industrial Policy and Promotion) alone but several ministries in it. It all depends on how things move. There needs to be a consensus from everyone,” the source said.
Apple had last year applied for tax concessions and relaxation in domestic sourcing norm which were rejected by the Finance Ministry.
But with the tweaking of the Foreign Direct Investment (FDI) rules, the US company is hoping to be lucky this time.
Last year Apple’s demands were rejected because of the rules but since then there has been a change in the policy, the source said. IANS
