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Economy

India keeps an 'open mind' on Apple incentive requests for iPhone production

Two sides set to discuss potential concessions

Apple Chief Executive Tim Cook discussed his company's future plans in India during a meeting with Prime Minister Narendra Modi in New Delhi on May 21, 2016. (Photo by Press Information Bureau)

NEW DELHI -- Keen to attract major global investors to boost its Make-in-India initiative aimed at turning the country into a manufacturing hub, the government of Prime Minister Narendra Modi is studying with an "open mind" requests from Apple for incentives such as long-term tax concessions for starting local production of the iPhone.

Top executives of the U.S.-based technology company will meet officials from India's Ministry of Electronics and Information Technology and departments of commerce and revenue on Jan. 22, the Economic Times reported. The newspaper added that all the departments will take a "coordinated" view on Apple's demands.

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