India and Chile will implement a bilateral expanded Preferential Trade Agreement (PTA)from 16 May, it was announced on Sunday.
The government is working on certain options to accommodate demands related to tax and duty concessions sought by iPhone maker Apple for setting up a manufacturing unit in India.
Senior executives of iPhone maker Apple today held detailed deliberations on their demands related to duty concession with officials of the finance ministry.
As Apple intensifies efforts to manufacture in India amid hectic diplomatic parleys, experts fear that doling out tax concessions to the Cupertino-based company alone will not go down well with several smartphone players.
Some Indian officials have baulked at Apple's demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi's campaign to lure foreign investors.
The government is examining extra concessions being demanded by the US-based iPhone maker Apple for setting up a manufacturing unit in India.
The Chief Minister and Finance Minister have assured the business community in the state that in this hour of distress the state government stands with them.