Apple in the negotiations with India Manufacturing Locally

Apple in the negotiations with India Manufacturing Locally

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Apple's, is in talks with the Government of India, to study the production of products at the local level, The Wall Street Journal reported on Tuesday, as the US company seeks to make deeper inroads into the second-largest mobile phone user market. Prime Minister Narendra Modi is trying to boost the production technology in the country through its "Made in India" initiative. His Government was released in June foreign retailers a period of three years from the requirement to locally source 30 percent of products sold in stores. Journal said, Apple's, in a letter to the federal government in November, laid out production plans and asked for financial incentives.

http://www.foxbusiness.com/markets/2016/12/20/rpt-apple-in-talks-with-india-to-manufacture-locally.html

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