Apple’s optimistic expansion in India to create 200,000 direct jobs by March 2025: Report – Apple (NASDAQ:AAPL)

This story was originally published on Benzinga India.

Apple’S AAPL The expanding operations in India will create around 600,000 new jobs by the end of this fiscal year. This increase in job creation is the result of the technology giant’s strategic move to diversify its manufacturing out of China.

What happened: Apple’s workforce in India will comprise 200,000 direct jobs by the end of March 2025, with women making up a significant 70% of that workforce, the Economic Times reported.

The company’s three contract manufacturers in India — Foxconn, Wistron (Now Tata Electronics), And Pegatron — have already created 80,872 direct jobs. In addition, a number of suppliers, including Tata Group, Salcomp, Motherson, Foxlink in Tamil Nadu, Sunwoda in Uttar Pradesh and ATL in Haryana and Jabil In Maharashtra, a total of around 84,000 direct jobs were created.

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In recent years, Apple has become the largest employer of workers in India. Since the launch of the production-linked incentive scheme for smartphones in 2020, Apple vendors and suppliers have created around 165,000 direct jobs.

Over and beyond Tata GroupThe twin plant in Hosur, Tamil Nadu, includes a iPhone The manufacturing unit is expected to employ around 50,000 people over time. Commercial production of iPhones at this facility is expected to begin in October.

The Indian government estimates that every direct job in the electronics sector creates three indirect jobs, suggesting that the Apple ecosystem could create between 500,000 and 600,000 jobs by the end of March.

Read more: Samsung rival LG follows in Hyundai’s footsteps and considers IPO in India: report

Disclaimer: Artificial intelligence was used as an additional tool in writing this story.