Govt is waiting for Apple’s proposal: Suresh Prabhu
New Delhi, Jan 8 : Commerce and Industry Minister Suresh Prabhu said on Monday that Industry giant Apple official did meet him, and Government is waiting for Apple Inc proposals for the setting up manufacturing base in India.
Addressing a press conference after inauguration of the 3rd meeting of Council for Trade Development and Promotion here today, Mr Prabhu said that Government will act only after receiving the proposal of the Apple. There are large numbers of Apple users in India and we need many more like Apple.
As per information, Apple Inc had sought concessions including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service/repair for a period of 15 years.