A team from US-based technology major Apple spelt out in detail the company’s plans for manufacturing mobile phones in the country to an inter-ministerial team of officials.
The inter-ministerial team, led by the Department of Industrial Policy & Promotion (DIPP) Secretary Ramesh Abhishek, noted down submissions made by the mobile phone major on desired concessions in their respective departments, a government official told BusinessLine after the meeting on Wednesday.
“The Apple team asked for a number of sops including tax concessions, relaxation from conditions such as labeling requirements as well as exemption from the mandatory domestic sourcing norm for one-third of inputs used,” the official said.
Officials attending the meeting are now expected to discuss the demands pertaining to their Ministries and Departments internally and then get back, the official added.
On Tuesday, Priya Balasubramaniam, VP Global Operations, Apple, met Commerce & Industry Minister Nirmala Sitharaman to set the tone for the next day’s meeting.
Apple’s application for exemption from compulsory 30 per cent domestic sourcing norms was rejected by the Finance Ministry last year. However, after the government tweaked FDI rules, the company has applied afresh seeking concessions.