By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Apple’s Request for Investment Incentives Will Be Considered With ‘Open Mind’: Ravi Shankar Prasad
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

Apple’s Request for Investment Incentives Will Be Considered With ‘Open Mind’: Ravi Shankar Prasad

srijita
Last updated: 2017/01/21 at 4:29 PM
By srijita 2 Min Read
Share
SHARE

Apple's Request for Investment Incentives Will Be Considered With 'Open Mind': Ravi Shankar Prasad

India will consider Apple’s request for incentives to invest in the country with an “open mind”, Information Technology Minister Ravi Shankar Prasad told reporters on Wednesday.

“We will very much like Apple to come and have a base in India,” Prasad said.

Apple has sent a list of demands to the Indian government, seeking tax concessions and several other policy exemptions, as necessary pre-requisites before it starts production of its iPhones in India.

Prasad also said a government panel headed by the cabinet secretary would now clear investment proposals in the electronic sector above $1 billion (roughly Rs. 6,803 crores), instead of them going through multiple government departments.

Prasad’s comments came after the federal cabinet revamped a subsidy programme for electronic manufacturing, tightening some of its provisions following objections from the finance ministry.
He announced a cap of $1.5 billion (roughly Rs. 10,204 crores) on the amount of subsidy the government provided under the Modified Special Incentive Package Scheme (M-SIPS) designed to boost electronics manufacturing.

The finance ministry had raised concerns about the scheme because of a lack of clarity about the subsidy payout, delaying a slew of investment proposals.

Apple has offered to manufacture iPhones in the country both for the domestic market as well as exports, in a potential boost for Prime Minister Narendra Modi’s “Make in India” programme to expand a domestic industrial base and create millions of jobs.

“We want to make India a big hub of electronic manufacturing,” Prasad said.
[“source-ndtv”]

You Might Also Like

Certified AC Technicians in Ocala: Your Local Cooling Experts

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

From Traditional Payments to Innovative Solutions: How Car Insurance Is Adapting to Modern Needs

Step by Step in Selling Your Car Online

TAGGED: Apple's, Be, Considered, for, Incentives, Investment, Mind':, Open, Prasad, Ravi, Request, Shankar, Will, With
srijita January 21, 2017
Share
Previous Article ZTE Hawkeye Specifications Unveiled, Will Sport a Dual Camera Setup
Next Article Google Planning to Launch Mid-Range Android One Smartphones in the US This Year

Calendar

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    

Latest Trending News

  • Fatherhood, marriage, and Longevity in the August 14, 2025
  • Style, Luxury, and Innovation in a New Car Coming in 2024 August 13, 2025
  • Interior of the 2025 Mitsubishi Outlander PHEV August 8, 2025
  • NCAP Rating and Safety Features of the Tata Harrier August 6, 2025
  • Certified AC Technicians in Ocala: Your Local Cooling Experts August 5, 2025
  • Problems with the Alfa Romeo 166: Common Problems and Costs of Repair August 4, 2025
  • 4 Reasons to Buy a Used Car and Things to Keep in Mind August 2, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?