Apple’s road into India has been a long one, and it’s not quite finished just yet.
Recently, it was reported that Apple had requested the Indian government for a variety of different financial incentives, all of which were aimed at launching a local manufacturing unit. India requires 30% of components to be manufactured in-country before a single-brand company can launch its retail stores. Apple has its sights on setting up shops in Mumbai, Delhi, and Bangalore, but hasn’t been able to launch its physical retail stores due to the government regulations in place.
According to a report from The Wall Street Journal, Indian government officials are expected to assess the manufacturing incentives requested by Apple. Those incentives include subsidies for its local capital expenditures, those of which are tied to setting up manufacturing facilities. The other major incentive Apple seeks is an exemption for the requirement to print product information on devices, as was reported earlier today.
India’s government has made it possible for other companies to earn incentives in the past, but it’s been noted already that the rules might have to be tweaked for Apple to get what it’s seeking.
[via The Wall Street Journal]Like this post? Share it!