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Report: India wants Apple to create jobs in exchange for tax concessions

Apple Inc. must commit to investing and creating jobs in India before the government considers its request for tax concessions for manufacturing iPhones in the country, Bloomberg News reported June 5, citing people with knowledge of the matter.

According to the report, the government requested Apple to detail its investment plans, including the number of jobs it will create.

In December 2016, the iPhone manufacturer sought lower manufacturing and import taxes. The company further asked for the concessions to remain in place after the Indian government applies goods and services tax, which includes all existing duties.

The Department of Revenue turned down these demands in March, saying it refused to grant tax exemptions to a single tech company and will explore granting tax benefits to the tech sector as a whole.

Apple started initial production of iPhone SE at its Taiwanese manufacturer Wistron's plant in Bengaluru, India, in May.