India has proposed extending tax exemptions for foreign companies supplying machinery to electronics contract manufacturers until 2041, in a move to strengthen the country's position as a global manufacturing hub and provide a significant boost to Apple's expanding production operations. The measure is expected to benefit Apple, which had lobbied for the extension to avoid potential tax liabilities linked to machinery used by its manufacturing partners in India. Apple's contract manufacturers in the country include Foxconn and Tata Electronics, as the US technology giant continues shifting production away from China. It also covers companies storing and distributing components for these products within customs-bonded warehouses, with the aim of supporting exports and strengthening India's electronics supply chain. The report added that the proposed reforms are intended to provide greater tax certainty for foreign investors and support Prime Minister Narendra Modi's "Make in India" manufacturing strategy.