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India to consider Apple's demands for manufacturing incentives

Various ministries in India's government will take a "coordinated" view on Apple Inc.'s request for tax concessions and other policy exceptions to start manufacturing iPhones in the country, The Economic Times (India) reported Jan. 18, citing Aruna Sundararajan, secretary of the Ministry of Electronics and Information Technology.

Top Apple executives will meet with Indian officials on Jan. 22 to discuss the tech giant's prerequisites to invest in the country. The list of requested incentives reportedly includes a 15-year exemption from customs duties.

Sundararajan said that India sees Apple as a "marquee investment" for the second phase of the government's electronics manufacturing initiative, which seeks large companies to invest between 100 billion rupees and 250 billion rupees, according to the report.

As of Jan. 18, US$1 was equivalent to 68.07 Indian rupees.