Indian Government Intends to Prolong Tax and Duty Waiver Policies for Foreign Companies, Offering a Substantial Impetus to Apple's Supply Chain
3 hour ago / Read about 0 minute
Author:小编   

Based on insights from well-informed individuals and the most recent draft released by India, the Indian government is set to substantially prolong the period during which foreign-invested enterprises are exempt from import taxes on manufacturing equipment and components. The proposal suggests extending this exemption from its initial end date of 2031 to 2041. This strategic decision is geared towards solidifying India's role in Apple's global supply chain diversification efforts and luring a greater volume of high-end manufacturing capabilities to the country.

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