India Stories January 18

AAPL: 119.99

Stock Chart

It appears that the Indian government may have found a creative way to agree to Apple’s request for financial incentives to manufacture iPhones within the country – without being seen to give special treatment to one particular company. Apple had asked for a number of concessions, including a 15-year import duty on iPhone components, manufacturing equipment and consumables.

Earlier reports had described conflicts between different government departments with differing objectives. The IT and industry ministries wanted to agree to Apple’s terms, as it would be a big win to sign up the world’s largest company to its Made In India program, while the finance ministry was reluctant to lose the import duty revenue.

Two reports today suggest that the government may have found a creative way out of the impasse …

expand full story

India Stories December 29, 2016

AAPL: 116.73

Stock Chart

Apple has long been rumored to be setting up a manufacturing presence in India, with a report most recently outlining some of the concessions Apple was seeking from the Indian government. Now, a new report from the Times of India claims that Apple will start manufacturing the iPhone in India in April of 2017, while the company has also posted a handful of job listings in the country.

expand full story


India Stories December 28, 2016

AAPL: 116.76

Stock Chart

Apple has long been working with the Indian government to set up retail locations in the country, a task that’s rather challenging due to stringent regulation in the country. Now, The Economic Times reports that one concession Apple is fighting for in India is related labeling laws so it doesn’t have to print product info on devices.

expand full story

India Stories December 20, 2016

AAPL: 116.95

Stock Chart

Two senior government officials have said that Apple is ‘discussing with the Indian government the possibility of manufacturing its products in the country,’ reports the WSJ. Apple is said to be seeking financial incentives in order to proceed.

Apple has been trying for some time to open retail stores in India, plans which have been stymied by a government requirement to source 30% of products locally in order to be permitted to open single-brand stores. There have long been contradictory reports that Apple may or may not be granted an exemption.

The Indian market holds massive potential for Apple for two simple reasons …

expand full story

India Stories December 1, 2016

AAPL: 109.49

Stock Chart

Submit a Tip


Submitting a tip constitutes permission to publish and syndicate. Please view our tips policy or see all contact options.

Powered by VIP