Indian government to disappoint Apple. Here are the details

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Indian government to disappoint Apple. Here are the details Apple won’t be getting any special concessions to from the government but the government is now considering reviewing its entire policy on mobile phone manufacturing as part of an effort to promote the 'Make in India' initiative,
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This would atleast meet some of the demands that Apple has made apart from benefiting other phone makers as well.

The smartphone maker had sought the concessions to set up plants in the country and the issue will be examined in depth at a high-level meeting with Apple executives next week.

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Apple is said to have asked for being on a 15-year customs duty holiday on the import of iPhone kits, new and used capital equipment, and consumables. Apple's requests are being considered by three government departments - revenue, industry and information technology.

India needs to support an iconic brand like Apple for the success of the Make in India campaign, officials said.

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"Our import duty is high. As long as they are getting into exports, our objective should be to give them lowest duty so as to ensure that their product is competitive. Hence we may even relook at the policy as a whole," an official told ET.

Another official said no decision had been taken but that concessions cannot be given to just one company.

"Normally, similar dispensation has to be given to others similarly placed," hetold ET.

During his visit to the country last year, Apple Chief Executive Officer Tim Cook had said India was the next big market for the company. Prime Minister Narendra Modi had urged Cook to set up factories in India when they met during that trip.