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473 Union Budget 2026: India hands Apple a win by letting foreign firms fund equipment for manufacturers

Firstpost Tech
Unnati Gusain @ Firstpost Tech · 02/01/2026 05:30 EDT

Union Budget 2026: India hands Apple a win by letting foreign firms fund equipment for manufacturers

India, during the Union Budget 2026-2027, said that "to promote manufacturing of electronic goods for a contract manufacturer", it is making certain law changes to ensure that mere ownership of machines by a foreign company does not lead to income or taxes on it.

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