Apple Inc. is said to have sought a long list of financial concessions from the Indian government as the company discusses the possibility of establishing a manufacturing unit in the country.
Among the requests, the iPhone maker is seeking a 15-year tax holiday on imports of components and equipment, Bloomberg reports, citing a person with knowledge of the matter.
Executives from the California-based tech giant are scheduled to meet with officials in New Delhi next week to discuss the matter, according to the report.
The demands come as the Narendra Modi government has said that it wants Apple to set up a base in India.
Apple is willing to start making iPhones in the South Asian country, but only if it gets a big helping hand from the government.
According to an Indian media report, Apple wants full exemption from duties on raw materials, components and capital equipment before it will start manufacturing in the country.
– Contact us at [email protected]