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India relaxes taxes for foreign tech firms to boost local manufacturing under "Make in India."
India has eased tax rules for foreign tech firms, allowing Apple and others to fund manufacturing equipment for Indian contract makers in bonded zones without triggering income tax, a move effective through 2030-31.
The change resolves a major barrier that had deterred investment by clarifying that foreign ownership of machinery doesn’t create a taxable business connection.
The policy supports India’s push to expand electronics manufacturing under the "Make in India" initiative, with Apple already boosting its presence—its market share in India doubled to 8% since 2022 and the country now accounts for 25% of global iPhone shipments.
India relaja los impuestos para las firmas tecnológicas extranjeras para impulsar la fabricación local bajo "Make in India".