India hands Apple a win by letting foreign firms fund equipment for manufacturers

India's government on Sunday handed a major win to Apple by allowing foreign companies to freely provide machines to their contract manufacturers set up in certain areas for five years, without fearing any tax risk.

Feb 1, 2026 - 14:01
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India hands Apple a win by letting foreign firms fund equipment for manufacturers
India's government on Sunday handed a major win to Apple by allowing foreign companies to freely provide machines to their contract manufacturers set up in certain areas for five years, without fearing any tax risk.

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