No De­ci­sion yet on Ap­ple’s De­mand for Con­ces­sions: DIPP

The Economic Times - - Economy: Macro, Micro & More -

New Delhi: The gov­ern­ment has not taken a fi­nal de­ci­sion yet on the con­ces­sions be­ing sought by US iPhone maker Ap­ple for set­ting up a man­u­fac­tur­ing unit in In­dia, a top of­fi­cial said .

Sec­re­tary in the Depart­ment of In­dus­trial Pol­icy and Pro­mo­tion (DIPP) Ramesh Ab­hishek said that Ap­ple has sub­mit­ted cer­tain de­mands for the gov­ern­ment’s con­sid­er­a­tion.

“We had a meet­ing of all the con­cerned min­istries and de­part­ments (on those de­mands) and we have asked them to look at those is­sues and take a view. No min­istry has yet taken a fi­nal de­ci­sion on any of those. But we are in touch with them,” Ab­hishek said . He said the gov­ern­ment sup­ports all man­u­fac­tur­ing, in­clud­ing value man­u­fac­tur­ing, in the coun­try by com­pa­nies.

"So we would def­i­nitely like to pro­mote this. So we are co­or­di­nat­ing re­sponse from all the con­cerned min­istries but no fi­nal view has been taken yet on any of those," he said.

The sec­re­tary also clar­i­fied that the gov­ern­ment does not take any pol­icy de­ci­sion for a par­tic­u­lar com­pany.

"De­ci­sion is taken for ev­ery­one. So no com­pany spe­cific de­ci­sion can be taken," he said, adding that DIPP has for­warded the re­quests of Ap­ple to the Depart­ment of Rev­enue also.

On Jan­uary 25, Ap­ple in­di­cated to the govt that it is ready with a blue- print to be­gin man­u­fac­tur­ing iPhones in In­dia, but wants fis­cal con­ces­sions, in­clud­ing Cus­toms duty waiver on im­port of com­po­nents.

Ap­ple ex­ec­u­tives made a de­tailed pre­sen­ta­tion on its road map for set­ting up a man­u­fac­tur­ing unit in In­dia to an in­ter-min­is­te­rial group headed by Ab­hishek. With sales ta­per­ing in US and China, Ap­ple is eye­ing In­dia -- the fastest grow­ing smart­phone mar­ket in the world -- and look­ing to set up a lo­cal man­u­fac­tur­ing unit to cut costs. — PTI

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