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Apple In Talks With India To Manufacture Locally (reuters.com)
Apple is in talks with India's government to explore making products locally, the Wall Street Journal reported on Tuesday, as the U.S. firm aims to make deeper inroads in the world's second-largest mobile phone market by users. From a report: India Prime Minister Narendra Modi is trying to boost technology manufacturing in the country through his 'Make in India' initiative. His government in June exempted foreign retailers for three years from a requirement to locally source 30 percent of goods sold in their stores. The Journal said Apple, in a letter to the federal government in November, outlined manufacturing plans and asked for financial incentives.
The Journal said Apple, in a letter to the federal government in November, outlined manufacturing plans and asked for financial incentives.
Translation; "We need another place where we can pay bugger all tax. Please fix us up, and we'll let you make a few phones. Thank you."
>> His government in June exempted foreign retailers for three years from a requirement to locally source 30 percent of goods sold in their stores
Imagine if Trump announced a requirement that foreign retailers locally source 30 percent of their goods. The Republicans would fight it because "free trade" and the Democrats would fight it because "Trump == Hilter". But the bulk of Americans would probably support it...and that's why our political parties have lost their moorings.
Insourcing?
Don't you want to Make America Great Again?
This is not how you Make America Great Again...
How do you manufacture in India non-locally?
with President Trump. America has a trade deficit. Turncoat deals like this from 'American' companies make it worse.
A lot of people might not know that India has a very protectionist policy regarding manufactured goods. It's very difficult to get items into the country from outside if there's any chance they will be used to conduct business. The company I work for is currently engaged in a love affair with India and Brazil for offshore development. Some of the stuff they're writing requires local access to hardware they can't just buy off the shelf from a distributor...there are only a few manufacturers out there and they're not making it in India. Getting anything into both of these countries that wasn't made there doesn't just involve paying a duty -- there's a byzantine maze of regulations, forms, local officials to pay, special assessments, personal visits to Government Agency X for stamps and signatures, etc. Last time this happened it took 4 months to ship the offshore company hardware -- and that's with our company having connections in the form of logistics specialists who know what actually needs to happen.
Apple just doesn't want to lose a potential market of over a billion people. They'd rather take the short term "loss" manufacturing at slightly above slave labor rates to ensure their products can be sold domestically. This is also happening to a lesser extent in Brazil, for the same reasons.
It's very ironic that a country whose major export seems to be IT "services" to the US and Europe has such a protectionist policy regarding manufacturing. Maybe they see what's happening in their customers' countries and don't want to have a rebellion on their hands when wages start going up inside their country. Personally, I'm for protectionism. It's a balance against the power of companies. Growing up in the Rust Belt and watching whole cities get hollowed out as companies chased cheap Southern, then foreign labor, was not fun. I seriously doubt Trump is going to follow through on his tariffs and protectionist platform...his buddies are going to demand that he put a stop to it, and they have more power than the working class types who helped vote him in.
Trump has already lost Apple for manufacturing jobs in flyover country. So much for that campaign promise.
or macbook pro's with more than 1 crappy type of port.
Makes me glad that I am absolutely Apple-free! Open source all of the way. Make your shit in the US!
Asia has 60% of the worlds population, and is the largest potential growth market in the world.
The USA is 4% of the worlds population and is pretty much a saturated market.
The majority of Apples profits come from outside the USA
India/China/Taiwan/etc are able to manufacture cheaper and faster than the USA, so its more profitable for all companies to do so (not just Apple).
Asia is build a trade alliance among themselves, the US is excluded (just like china was excluded from the TPPA), just watch MORE US companies build manufacturing capability in Asia based on exactly the same promises as Trump... build it here or be taxed. All trump has done it put US$2 Trillion of exports at risk as other countries seek "a better deal". The EU if it plays its cards right stands to do very well out of this as Trump stirs up anti-us feelings.
If ir comes to the crunch, US companies will exit the US market to retain access to the 96% of the world that is not the USA, or at the very least they will split to an "international" and "USA" version. The USA needs the world more than the world needs the USA.
I'll ask just one more time, this is local?
[Apple] outlined manufacturing plans and asked for financial incentives.
Apple: We'd like to make more money selling iCrap to India.
...
India: That sounds great!
Apple: Give us money first.
... 3 years later
India: It appears you owe 3% taxes on the locally sourced 30% hardware. If you would kindly remit payment...
Apple: According to our Irish subsidiary, we don't have any sales in India.
Perhaps Apple might want to consider doing that for the US and turning on Jobs' word.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
price of their goods shot up 50%
Non-hyperbolic [citation needed] for that.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Trade is beneficial.
Trade lowers prices and increases wealth.
Only when it's not destroying entire regions.
It's easy to write off entire regions and wait for the displaced to die, which is your solution.
It's harder, but more proper and prosperous to continuously re-integrate the displaced, even if it means forsaking certain trade policies.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Not necessarily. Some value "stuff" more than employment. It depends on the person. Being unemployed carries a nasty stigma, especially for males. But some may be okay with robots and commie slaves doing all the work as long as they still get stuff.
Another approach for our economy is to have fewer jobs-protection measures to unleash the economy to produce more goods and services, but tax the well-to-do more and distribute the money to those who would otherwise be blue-collar workers. It's essentially semi-socialism where those in valued careers subsidize those in obsolete careers.
Thus, fewer labor regulations may boost our total GDP compared to high-labor-regulation countries, but we'd have to redistribute a good portion of that extra wealth to the obsolete workers.
Which is "better" is a subjective political decision. It's a tricky trade-off.
Also, "intellectual" work is potentially at risk of being made obsolete as remoting and language translation technologies improve. There are smart people in low-wage countries that could more easily do brainy work for US companies as remoting technology improves. There are a lot of smart untapped people around the world. After all, look at all the hacking done by those who get small rewards for doing it in terms of US cost of living. US hackers are too expensive to rent. Could be the same for any technical endeavor, not just hacking.
Thus, us techies are not immune to obsolescence. We may be in the same boat as blue-collar workers soon. It's yet another reason not to throw the blue-collared under the bus; change will add more space under that bus.
Table-ized A.I.
Apple asks Indian government if they can set up a sweat-shop where they pay small change to Indian workers, while paying jack shit in taxes for the crazy revenue they will be making. What a fucking shit company.
Further translation: "Would you people like a computer using years-old tech that looks like a garbage can and is almost guaranteed to litter your workspace with wall warts and desk cancers? Because we can totally do that for you. Because we have courage."
I've fallen off your lawn, and I can't get up.
Purchases would decline sharply in many market segments, because the perception of value (such as it is) would evaporate in very short order.
Which would not boost the American economy.
How about the attitudes that change to "I don't think I need another iPhone"? Do you think that's a factor that should be ignored?
You want to boil the froggies, you better turn the heat up very slowly. Or those uncooperative little #00FF00 bastards will hop right the hell away.
I've fallen off your lawn, and I can't get up.
MOD PARENT UP!
The government decides education should be free, teachers and principals however want a little higher salary.
Or the government simply doesn't provide a budget for school materials because they know the money will not be used for that and so skip it altogether.
You have no idea what levels of abuse are common practise over there...
"Trump!!", the new Godwin.