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  Business   Companies  23 Mar 2017  Centre says no to Apple’s sops demand

Centre says no to Apple’s sops demand

PTI
Published : Mar 23, 2017, 3:19 am IST
Updated : Mar 23, 2017, 3:19 am IST

Apple also wanted relaxation in the mandated 30 per cent local sourcing of components and reduction in customs duties.

Apple India has sought concessions including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service/repair for a period of 15 years, she said in a written reply.(Representational Image)
 Apple India has sought concessions including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service/repair for a period of 15 years, she said in a written reply.(Representational Image)

New Delhi: The government on Wednesday said that it has not accepted ‘most of the demands’ of iphone maker Apple which wants to set up manufacturing unit in India. To a question in the Rajya Sabha on whether the government has accepted most of the demands of the iphone manufacturer, commerce and industry minister Nirmala Sitharaman said: “No”.

Apple India has sought concessions including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service/repair for a period of 15 years, she said in a written reply. It also wanted relaxation in the mandated 30 per cent local sourcing of components and  reduction in customs duties.

 

Tags: apple, nirmala sitharaman, business news
Location: India, Delhi, New Delhi