Skip to main content

Apple has created 1 lac direct jobs, 70% for women, in India

News Desk

India has become a major smartphone market for Apple as the Cupertino-based tech giant has created over one lakh direct jobs in manufacturing in the past two years in India.

As per a tweet by the Minister of State, Electronics and IT, Rajeev Chandrashekhar, “Propelled by Prime Minister @narendramodi's visionary PLI scheme @Apple ecosystem has generated over one lakh new direct jobs in manufacturing over the last 24 months”. https://twitter.com/BadaBusinessOff/status/1648672931524882432 He further added that about 70 per cent of these jobs are taken up by women in the age bracket of 19-24 years, who are starting their careers, acquiring skills and improving the ease of living for their families. A recent report by Bloomberg revealed that Apple has tripled its production in India in the last couple of years. Apple now manufactures 7 per cent of its total iPhones in India. Back in 2021, the production was just 1 per cent. India has become the world’s fastest-growing smartphone market. Apple has plans to start 25 percent of iPhone manufacturing in India by the year 2025.  It is being said that 2023 iPhones are expected to be released from India at the same time as the China models. Apple’s vendors so far have about 60,000 workers in India. https://twitter.com/ians_india/status/1648243871799734278 Notably, iPhone export from India has surged to over $5 billion in FY23. Additionally, India's overall smartphone exports also crossed $10 billion for the first time in a financial year. It was earlier reported that Apple will start manufacturing around 25 per cent of iPhones in India by 2025. The report adds that the tech giant is likely to launch its upcoming iPhones in India at the same time as China. This will be the first time that the assembly of iPhones will begin in the two countries simultaneously. Apple CEO Tim Cook recently opened the company’s first retail store in India, Apple BKC in Mumbai on April 18, and the second on April 20 in New Delhi called Apple Saket. https://twitter.com/dna/status/1648280180748861441 In an interview, Apple CEO Tim Cook spoke about the Indian market, “India is at a tipping point. And it feels so great to be here. You can just feel the vibrancy, the dynamism, the feeling that anything here is possible.” Apple has three vendors in India that assemble its iPhones – Foxconn, Pegatron, and Wistron. Out of these three, Foxconn has employed about 30,000 women workers. The component suppliers for Apple’s ecosystem like Tata, Jabil, Avery, and Salcomp are also playing some role in offering jobs to many women. Jabil has around 4,200 women workforce out of 7,000 workers. The average age of most women is 21 years and they are mostly first-time employees. https://twitter.com/BizzBuzzNews/status/1648373704785805313 It is worth highlighting that Apple manufactures several devices in India including iPhone 11, iPhone 12, iPhone 13, iPhone 14, and AirPods. Besides, Tata Sons will acquire Taiwanese firm Wistron's existing plant near Bengaluru, which will not only give a big boost to India’s economy but also make it the first homegrown production company for Apple devices. Tata Sons is said to seal the deal for around Rs 5,000 crore. https://twitter.com/audiencenewj/status/1648615180778225665   https://dubainews.tv/apple-has-created-1-lac-direct-jobs-70-for-women-in-india/?feed_id=15798&_unique_id=64445018afe65
Labels:

Comments

Post a Comment

Popular posts from this blog

Turkey: Erdogan wins re-election as president

Turkey's president,  Recep Tayyip Erdoğan , won re-election Sunday in a tense run-off after he failed to secure more than 50 percent of votes required for an outright victory in the first round on May 14 in the strongest challenge to his 20-year rule. Turkish public broadcaster TRT called the presidential election for incumbent President Recep Tayyip Erdoğan. State-run news agency Anadolu’s vote count shows Erdoğan leading opposition candidate Kemal Kılıçdaroğlu 52.11% to 47.89% with 98.52% of the vote counted. https://twitter.com/KarinaKarapety8/status/1662876007081164800 "We have completed the second round of the presidential election with the favor of our nation," Erdoğan said following the tally. "I would like to express my gratitude to my people who made us live this democracy holiday. We will deserve your trust." Erdogan cast his vote at a voting center in Istanbul on Sunday. “This is a first in Turkish democratic history,” he said. “Turkey,...
Post a Comment
Read more

UAE-India flights: Residents hail new direct route from Dubai to Bhubaneswar

Non-resident Odias living in the UAE flew in specially on the inaugural Dubai-Bhubaneswar direct flight on Tuesday, May 15, 2023, and met Odisha's Chief Minister Naveen Patnaik. They thanked him for his intervention in kickstarting these flights to the eastern state of India. Residents reiterated that what made this flight (which is operated by IndiGo) special is that the it fulfills a promise the minister made back in June 2022, when he was in Dubai for an investors' meet. Senior member of the Odia Community of UAE, Priyadarshee Panigrahi, who is the head of an Indian MNC’s MENA operation and is based at Dubai, met the state’s Chief Minister at ‘Naveen Nivas’ after landing from Dubai. He thanked him for the launch of these direct flight operations, which was a long pending demand of the Odia diaspora. Panigrahi says, “It was a wonderful feeling to fly from Dubai to Odisha directly in just about four hours, saving time, money and a lot of inconveni...
Post a Comment
Read more

Indian shares decline on profit booking amid earnings rush

BENGALURU: Indian shares fell on Wednesday, dragged by broad slide across sectors, as investors booked profits on a nearly 5% rise in the benchmark Nifty 50 in fiscal 2024 so far, while weak global cues amid debt ceiling negotiations in the U.S. weighed. The Nifty 50 was closed 0.57% down at 18,181.75, while the S&P BSE Sensex fell 0.60% to 61,560.64. Both indexes extended losses to a second consecutive session. High-weightage financials and information technology (IT) led losses in the Nifty, falling 0.71% and 0.97% respectively. Indian shares set to open higher on inflation boost, FII buying “The market is witnessing profit booking, especially in heavyweights from higher levels,” said Siddhartha Khemka, head – retail research at Motilal Oswal Financial Services. “Some consolidation may not be ruled out given the sharp up-move in the last few weeks.” The Nifty has risen 4.74% so far this fiscal, supported by a healthy results season and consistent buying from...
Post a Comment
Read more