Executive Summary
- •Draft bill extends tax exemptions on equipment supplied to local assembly partners until March 31, 2041.
- •Apple lobbied for changes over fears Indian tax laws would treat machinery ownership as a taxable business connection.
- •India is projected to manufacture 26% of global iPhones in 2026, up from 6% four years ago.
Community Sentiment
Key Developments & Data
India proposes extending tax breaks for contract manufacturing through 2041.
The draft bill extends tax exemptions on equipment supplied to local assembly partners from 2031 to March 31, 2041.
Apple $AAPL lobbied for the changes over fears Indian tax laws could treat machinery ownership as a taxable business connection.
India is set to produce 26% of global iPhones in 2026, up from 6% four years ago.
And the proposed rules also exempt income from storing critical components in customs-bonded zones until 2041.
Zubiqo Intelligence Briefing
Get the unfiltered signal before markets open.
Top tech breakthroughs, venture funding, and market moves—synthesized into a 2-minute morning read. Zero PR fluff.
✓ 100% Free•✓ 1-click unsubscribe•✓ No spam ever
