India proposes extending tax breaks for contract manufacturing in a boost for Apple
Reported by Yahoo Finance · finance.yahoo.com · August 3, 2026
India has proposed extending tax exemptions until 2041 for foreign companies that provide machinery to contract manufacturers, handing a major win to Apple which had lobbied for such changes, and is fast expanding in the market. India has been a key market for Apple as it diversifies iPhone manufacturing beyond China, and the South Asian nation is set to make 26% of the world
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