Foreign Media: On February 1, 2026, the Indian government announced a major policy adjustment, allowing foreign companies to provide machinery and equipment to contract manufacturers, without worrying about tax risks for the next five years. This policy adjustment is made by the Indian government to promote the development of the electronics manufacturing industry, aiming to eliminate tax uncertainties faced by foreign companies when investing in high-end equipment in India.
Previously, Apple had been lobbying the Indian government to amend relevant tax laws, as it was concerned that providing machinery and equipment to contract manufacturers in India might be deemed a "commercial connection," leading to taxation of its iPhone sales profits.
This policy adjustment will help companies like Apple accelerate the expansion of their electronics manufacturing business in India, reduce the initial cost burden on contract manufacturers, and promote the rapid development of India's electronics manufacturing industry.
Original: toutiao.com/article/1855932188989571/
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