Apple is anticipated to significantly bolster its employment figures in India over the next three years, according to government sources.
Currently, Apple's vendors and suppliers provide jobs for approximately 150,000 individuals in the country.
Notably, Tata Electronics stands out as the primary job creator among these vendors, operating two plants for Apple.
A senior government official disclosed that Apple is poised to ramp up its hiring efforts in India, with projections suggesting employment
opportunities for over 500,000 people through its vendors and components suppliers within the next three years. However, Apple declined to comment on this forecast when approached for confirmation.
The tech giant has outlined ambitious plans to amplify its production activities in India, aiming to increase its output by more than five times to approximately USD 40 billion within the next 4-5 years.
Market analysis conducted by Counterpoint Research reveals that Apple achieved a significant milestone in 2023 by leading the Indian market in revenue for the first time.
Meanwhile, Samsung retained its position as the top seller in terms of volume sales.
Counterpoint Research's recent report highlights Apple's remarkable achievement of surpassing the 10-million-unit mark in shipments, securing the top spot in revenue for a calendar year for the first time.
Moreover, data from the trade intelligence platform The Trade Vision indicates a substantial surge in Apple's iPhone exports from India, reaching USD 12.1 billion in the fiscal year 2023-24, up from USD 6.27 billion in the previous fiscal year, marking nearly a 100 per cent increase.
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