It was a long wait to allow apple to set up the manufacturing plant in the country. Indian crowd is already so much attracted towards the brand and would accept the idea of apple devices being available at the cheaper prices than ever. If apple will be putting manufacturing plant here then it will be the good opportunity for the government and for the local crowd as well since they will also look for employment opportunities.
In a recent communication, apple has put a condition to granting permission to the proposal. They are hoping for incentives in terms of Department of Revenue and Department of Electronics and Information Technology (DeITY).
"They are doing their due diligence from quite some time. The Department of Industrial Policy and Promotion (DIPP) will write to both the departments regarding this communication for their views," the official added.
At present, to boost electronic manufacturing in the country, the government provides benefits under Modified Special Incentive Package Scheme (MSIPS).The scheme provide financial incentives to offset disability and attract investments in the electronics hardware segment. It also gives subsidy for investments in Special Economic Zones, among other benefits. .
Currently, Apple's products are manufactured in six countries including Korea, Japan and the US.The government has announced incentives to promote electronic manufacturing in India and reduce the import bill. Total import of electronics goods was valued at Rs 2.25 lakh crore in 2014-15 as against Rs 1.95 lakh crore in the previous year.
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