We know that Apple had requested for a bunch of tax exemptions from the Indian government for setting up a manufacturing plant here India. While not all the demands were met, India did offer quite a leeway to them (as compared to other IT companies in competition) in exchange for the promise of heavy Apple investment in India.
A fresh report by The Economic Times points out that the Indian government is now pressing Apple to submit the details of their investment plan in India.
The report said:
“Departments including revenue, electronics and information technology, and industry are deliberating upon the Cupertino-based technology major’s proposal to set up smartphone manufacturing facility in India.”
It’s a valid request too. Apple recently launched a website declaring how much employment they are generating in the US. Granted, it’s done to keep those critics at bay who find Apple guilty of taking away American jobs to China and the likes. The website details Apple’s contribution to the American society economically, specifically through employment. India is hoping Apple will do something similar in India.
Further, according to ET:
“A view on Apple’s application for tax concessions would be taken up after considering the levels of investments and the benefits that are likely to accrue to the Indian economy.”
Apple should (and must) release these details because it gives us a clear perspective as to exactly how much change Apple has had on the financial and technology market in India. We hope Apple comes up with these numbers fast. But, as CultOfMac puts it, it’s more likely “going to be a long, drawn-out process.”
