Over the next 3 years, Apple is set to employ 5 lakh people in India at its new manufacturing plant

Over the next 3 years, Apple is set to employ 5 lakh people in India at its new manufacturing plant

According to government sources on Sunday, iPhone maker Apple plans to increase its production through vendors in India and expects to recruit over 5 lakh Indian workers over the duration of the next three years. The new employment initiatives will represent a big increase from Apple’s current 1.5 lakh employees in India, most of whom work at its two Tata Electronics-run plants.

“Apple is expanding its workforce in India. Through its vendors and component suppliers, it will, at most, hire five lakh people over the period of the next three years, a senior government official told PTI.

The Cupertino-based corporation intends to boost its production five times over the next four to five years, with a target of more than five times the current level, or nearly USD 40 billion (roughly 3.32 lakh crore). According to a Counterpoint Research survey, Apple had a fantastic 2023 in India, recording the greatest revenue for the first time in the nation. This led to plans for expansions.

Huge increase in India’s iPhone exports:

The analysis went on to show that Apple not only exceeded the 10 million unit shipment mark for the first time in a year, but also took the top spot in terms of revenue.

Apple not only had a record-breaking year in terms of revenue, but it also saw an enormous rise in iPhone exports from India, which nearly doubled to USD 12.1 billion in the fiscal year 2023–24 from USD 6.27 billion the year before, according to research by trade intelligence service The Trade Vision.

Apple recently established a partnership with CleanMax, a solar energy solutions provider based in Mumbai, showing that the business is also concentrating on its green initiatives in the Indian markets. Together, the businesses will invest in six rooftop solar projects in India, with a combined projected production of 14.4 megawatts (MW), which would power Apple’s retail locations and offices.

Topics #Apple #Employement #india #iPhone #Manufacturing #New plant #news

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