Apple preparing to enter talks with Indian government on opening local manufacturing plant
At the end of last year, Apple asked for a tax break to set up its own manufacturing plant in the country, but the Indian government was reluctant to grant the company any more concessions, as it would have to do the same for 42 other manufacturers as well.
The US-based tech giant will reportedly enter talks with the Indian government on opening a local manufacturing plant on January 25. According to sources familiar with the situation, Apple is unlikely to put forth any other major demands for concessions.
By setting up its own manufacturing plant in India, Apple will be able to open direct retail stores in a country where it has very limited market share.
During previous visits in India, Apple CEO Tim Cook was more interested in discussing the possibility of his company selling refurbished products in one of the biggest smartphone markets in the world, but talks with Indian PM Narendra Modi allegedly fell through.