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Apple to ride high tides, as Indian government might increase import tax duties

02 October 2018 4

Cupertino tech giant Apple has been keen to initiate manufacturing in India that is the emerging market for the mobile manufacturers. While the process has begun and iPhone 6S was the second phone to be manufactured within India, both the Indian government and Apple didn’t have a smooth sail in terms of reaching an agreement that Apple was interested in.

While Foxconn was earlier interested in opening a $10 billion plant in India, both Apple and Indian government lock horns on the taxes implemented within the country. Apple asked for the reduction in taxes and urged Prime Minister Modi’s government to defer a planned increase in the taxes, though the government didn’t agree to do so.

As per the latest development in this regard, Apple is said to face even more tough conditions in the Indian market as the advisor to Prime Minister India, suggested that India should implement more duties on the imports especially luxury products like iPhones. Note that luxury products like expensive smartphones are among 19 other commodities that include gems, jet fuel, household appliances, footwear, plastics that have high import duties.

This only seems to become worse for Apple as the similar government policies would continue. What do you think about this? Should India impose higher duties on the luxury products like iPhones? Let us know in the comment section below.

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Apple to ride high tides, as Indian government might increase import tax duties
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