With Apple’s increased focus in India, the company is expected to create 120,000 new jobs in FY24, according to staffing firm TeamLease Services. Of these 120,000, 40,000 could be direct jobs, while 80,000 could be indirect jobs centred on manufacturing, with retail contributing lower numbers.
According to the staffing firm, at least 300,000 new positions are expected to be added by FY26, with 100,000 being direct and 200,000 being indirect. Karthik Narayan, the company’s CEO, told ET that with additional plants and factories planned, an additional 1 lakh jobs would be created in the next 36 months.
Rajeev Chandrasekhar, India’s electronics and information technology minister, announced last week that Apple phones would be manufactured in a new 300-acre factory in Karnataka.
Hugues Asseman, the company’s vice president in charge of India, the Middle East, the Mediterranean, East Europe, and Africa, recently retired. With his departure, Apple promotes Ashish Chowdhary, the company’s head of India who reports to Asseman. Chowdhary will now report directly to Apple’s head of product sales, Michael Fenger.
Last quarter, the company reported record revenue in India, despite a 5% drop in total sales. Apple has set up an online store for the region and plans to open its first retail stores in the country later this year.
India is becoming increasingly important to Apple’s product development, in addition to serving as a sales engine. According to Bloomberg News, key suppliers are relocating to the region, and Apple is collaborating with manufacturing partner Hon Hai Precision Industry Co., also known as Foxconn, to establish new iPhone production facilities in the country.
Apple and its manufacturing partner Foxconn lobbied Karnataka to liberalise its labour laws significantly. This landmark legislation resulted in changes that allow for 12-hour shifts and night-time work for women, similar to the practises of Chinese companies, according to the Financial Times, citing sources familiar with the matter.
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