Commerce and Industry Minister Nirmala Sitharaman on Friday said Amercian phone-maker Apple’s demand for tax incentives to set up a manufacturing unit in the country will have be looked at after the Goods and Services Tax (GST) is rolled out.
“GST will be coming soon. So, tax-related incentives demanded by Apple will have to be looked from a different angle,” Sitharaman told PTI here.
The government has not accepted most of the demands of the iPhone maker, she added.
Apple plans to set up a manufacturing unit in Bengaluru this year, where it will assemble its products, probably only iPhone 6 and 6s models, according to media reports. The American technology giant has sought various concessions on taxation and import of components for setting up the unit. The Cupertino-based technology giant currently manufactures in China and Brazil.
Apart from tax sops, Apple also wants relaxation in the mandated 30 per cent local sourcing of components. Earlier reports said the company will be importing all its components on the grounds that it is bringing in cutting-edge technology to India. .
