India Said to Seek Job Pledge From Apple in Lieu of Tax Breaks
- India said to ask for comprehensive details of investment
- Apple accounts for 3 percent of smartphone shipments in India
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India wants Apple Inc. to commit to investment and creation of jobs before it will consider the company’s plea for tax concessions for manufacturing iPhones in the South Asian nation, people with knowledge of the matter said.
Prime Minister Narendra Modi’s government has asked the U.S. company to lay out details of the money it plans to pump into the country and the potential number of jobs the investment will create, the people said asking not to be identified as the talks are private. The move comes amid concerns that growth in Asia’s third-largest economy isn’t helping add jobs.