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Apple Gets Major Boost as India Allows Foreign Firms to Fund Manufacturing Equipment Without Tax Risk
New Delhi: India’s government on Sunday delivered a significant policy win to Apple , announcing that foreign companies will be allowed to provide manufacturing equipment to their contract manufacturers without facing tax risks for a period of five years . The move is expected to strengthen India’s position as a global electronics manufacturing hub and further accelerate Apple’s production expansion in the country. Under the revised framework, overseas firms can supply machin

Laxmi Galani
Feb 22 min read
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