- India extended tax exemptions to 2041 for foreign firms that supply machinery to contract manufacturers — a major win for Apple after it lobbied to avoid being taxed on equipment it provides in India.
- Apple’s India push is accelerating: the country is forecast to make 26% of the world’s iPhones in 2026, up from 6% four years ago.
- New rules also exempt income from storing parts in bonded zones and make it easier to lease data centers — steps meant to protect supply chains and attract more foreign tech investment.
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