A new draft amendment would extend by 10 years a tax break for foreign companies that supply machinery and equipment to contract manufacturers in India.

India has proposed extending tax exemptions until 2041 for foreign companies supplying machinery and components to contract manufacturers, a move benefiting Apple while boosting…

<strong></strong>India has proposed extending a tax exemption for foreign companies that supply machinery to Indian contract manufacturers, running to 31 March 2041 instead of…