Union Budget 2026 offers tax relief to Apple for manufacturing
after close1 source ↓written by the desknot a recommendation
India's government announced tax relief for Apple, allowing foreign firms to supply machinery to contract manufacturers without tax risks for five years. This move supports smartphone manufacturing as part of PM Modi's agenda, addressing Apple's concerns over taxation on high-end machinery. 📱
• Apple can now enhance iPhone production in India.
• Foxconn and Tata are key contract manufacturers benefiting from this change.
This policy shift may boost investor sentiment in the tech sector.
Not investment advice. For informational purposes only.