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Apple’s Participation in India’s PLI Scheme Creates Over 1,50,000 Jobs: Report

Around 3,00,000 people have indirectly secured employment through companies benefitting from the PLI scheme marking substantial economic impact.

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Apple’s Participation in India’s PLI Scheme Creates Over 1,50,000 Jobs: Report

Apple

Apple’s participation in India’s production-linked incentive (PLI) scheme since August 2021 has led to significant job creation, with an estimated 1,50,000 people directly employed in the Apple ecosystem, the Economic Times reports. The company has been the second-largest market of the iPhone.

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Job Creation and Demographics

Government Officials and experts have revealed that a majority of these newly employed individuals are first-time job seekers primarily falling within the 19 to 24-year age group. Around 3 lac people have indirectly secured employment through companies benefitting from the PLI scheme marking substantial economic impact.

Direct Employment by Apple

Apple directly employs 3,000 professionals in India, primarily engaged in the development of iOS applications. Interestingly, this direct employment contributes to supporting over 10 lac jobs indirectly, showcasing the extensive ripple effect of Apple’s presence in India’s vibrant tech landscape.

Apple’s Response and Expanding Footprint

Apple has not responded to questions regarding this development despite the notable employment figures. Nevertheless, over the past few years, especially since the beginning of local iPhone manufacturing, Apple’s strategic focus on India has intensified, reflecting its commitment to the Indian market.

Supplier Ecosystem and Job Creation

Apple works closely with key suppliers such as Foxconn, Wistron and Pegatron to enhance manufacturing capabilities and job creation across several states in India. Notably, Foxconn is the leader in job creation within this ecosystem, directly employing approximately 41,000 individuals.

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Supportive Initiatives and Achievements

Beyond manufacturing, Apple’s commitment extends to initiatives such as educational programs and the Women’s Health Initiative through its USD 50 million Supplier Employee Development Fund. Financially, Apple’s production figure crossed INR 1 Lakh Cr in FY24, exceeded PLI targets and cemented its position as the leading phone maker in India.

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The proposed entity has its fair share of challenges ahead of it. The Indian media market is constantly changing, and the new entity will have to adapt accordingly. Besides that, it also faces stringent competition from other media giants like Netflix and Sony, which recently cancelled its own ambitious merger with Zee.

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