The Indian government recently submitted a tax amendment bill to Parliament, proposing to extend the tax exemption period for foreign technology companies supplying equipment to local contract manufacturers from the current 2031 to 2041, a decade-long extension. This move aims to strengthen India's technology supply chain and promote it as an alternative manufacturing base to China. According to the proposal, the tax exemption applies to foreign companies supplying equipment to contract manufacturers such as Foxconn and Tata Electronics.