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Apple Creates Over One Lakh Direct Jobs In India In Two Years: MoS IT

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Apple Creates Over One Lakh Direct Jobs In India In Two Years: MoS IT
21 Apr 2023
5 min read

News Synopsis

According to Mr. Rajeev Chandrashekhar, Minister of State for Electronics and Information Technology, the Apple ecosystem in India has created over a lakh new direct manufacturing employment in the past two years.

About 70% of these are women between the ages of 19-24 who are beginning their professions, developing their abilities, and making life easier for their families, he continued.

Apple has increased its manufacturing in India, and in FY23, iPhone shipments from India increased to more than US$5 billion. India's entire smartphone exports also surpassed US$ 10 billion for the first time in a fiscal year, supported by Apple.

Since 2017, Apple has collaborated with vendors to build new iPhone models and supply an increasing number of components. The business started producing iPhones in India in 2017.

Prior to the opening of the company's second store in Delhi on April 20, 2023, Mr. Tim Cook will meet with Prime Minister Mr. Narendra Modi and the country's deputy IT minister on April 19, 2023. During his meeting with the government, Mr. Tim Cook is likely to discuss the company's plans to produce more goods, such as earphones and smartwatches, and export them from India in addition to iPhones, to build the component eco-system, and even to begin local production and the sourcing of manufacturing equipment through its partners in the nation. He further stated that this agreement is in line with their strategy of expansion in the fluoropolymer and electronic segments, manufacturing high-value molecules, and boosting the value chain with the support of our customers.

In Mumbai, Apple opened its first self-branded retail location in India, with Chief Executive Officer Mr. Tim Cook in attendance.

Apple's entry into India's retail space is significant, as the nation is one of the largest smartphone markets in the world. This move is part of the company's strategy to expand its presence in the region, as the Indian market is expected to grow rapidly in the coming years.

Apple has been working on increasing its manufacturing presence in India, in order to take advantage of the country's favorable policies for local manufacturing. This move is also part of the company's efforts to diversify its supply chain, as it looks to reduce its dependence on China.

Apple's investments in India have been welcomed by the government, which has been pushing for greater investment in the country's manufacturing sector. The government's "Make in India" initiative aims to boost local manufacturing and create jobs in the country.

With the opening of its retail stores, Apple is also looking to boost its brand presence in the Indian market. The company has been investing heavily in marketing and advertising in the region and is now looking to create a more direct connection with consumers.

Overall, Apple's expansion in India is a significant move for the company, as it looks to tap into one of the fastest-growing smartphone markets in the world. The company's investments in manufacturing and retail are expected to create significant employment opportunities in the region and could help to boost the country's economy in the long run.

In conclusion, Apple's commitment to expanding its presence in India is a positive development for the country's manufacturing sector. The company's investments in manufacturing and retail are expected to create significant employment opportunities and could help to boost the country's economy in the long run. With the opening of its retail stores, Apple is also looking to boost its brand presence in the Indian market and establish a more direct connection with consumers. Overall, Apple's expansion in India is a significant move for the company, as it looks to tap into one of the fastest-growing smartphone markets in the world.

Overall, Apple's commitment to job creation and investment in India is a significant step towards building a stronger and more inclusive economy in the country.

Important News and Blog Tags for Readers

Apple's Direct Job Creation in India

Women Empowerment and Manufacturing Growth

Apple's Manufacturing Investment in India

Apple's CEO Tim Cook meets with Indian Government

Apple Expanding Manufacturing in India

India as a Critical Market and Manufacturing Hub