India plans more tax breaks to sweeten Apple's iPhone production

Apple's iPhone production in India is getting more of a boost, as the government considers extending a tax exemption on manufacturing machinery and component imports until 2041.Tata's iPhone component production facility in Hosur, Tamil Nadu, India. Image Credit: TataIndia is a major location in Apple's work to diversify its production outside of China. While it has already benefited from many incentives from the country, its supply chain stands to benefit even more.A draft proposal seen by Reuters affects a tax exemption that India introduced in February. That incentive, applicable to foreign companies, was introduced after Apple lobbied against being taxed for iPhone machinery it owned in India but provided to contract manufacturers. Continue Reading on AppleInsider | Discuss on our Forums