Apple plans to generate 12k jobs in India by FY24, investing in local production and manufacturing to increase its market share.
Apple, one of the world’s leading technology companies, has announced plans to generate 12,000 new jobs in India by the fiscal year 2024. The company’s commitment to investing in the country’s workforce was announced by Apple’s CEO, Tim Cook, during a virtual event with Indian Prime Minister Narendra Modi.
This announcement is significant, as India is one of the fastest-growing economies in the world, and Apple is looking to expand its footprint in the country. The company has already invested heavily in India, and it now plans to take things to the next level by investing in local talent.
Apple’s investment in India will focus on a range of areas, including engineering, operations, customer support, and manufacturing. The company will also be establishing a new centre in the southern city of Hyderabad, which will be dedicated to developing maps for its products. This new centre is expected to employ 4,000 people.
Apple’s commitment to India comes at a time when the country is looking to strengthen its technology sector. The Indian government has been actively promoting the “Make in India” campaign, which aims to promote domestic manufacturing and boost the country’s economy.
Apple’s investment in India is expected to have a ripple effect on the country’s economy. The company’s presence is likely to attract other tech companies, and this could lead to more job opportunities for local talent.
Speaking about Apple’s investment in India, Tim Cook said, “We’re proud to be expanding our operations, creating new jobs and strengthening our ties with the Indian community. With this investment, we’re tapping into India’s talented workforce, and we’re optimistic about the opportunities that lie ahead.”
India’s Prime Minister Narendra Modi welcomed Apple’s investment, saying that it was a great day for India. He also praised the company’s commitment to the country, saying that it would help to create a healthy and prosperous India.
Apple has been ramping up its efforts in India in recent years, intending to increase its market share in the country. India is currently the world’s second-largest smartphone market, with over a billion mobile phone users, and its population is expected to exceed China’s by 2027. However, Apple has faced challenges in India, including high import duties, competition from local smartphone makers, and a lack of retail stores.
To overcome these challenges, Apple has been investing heavily in local production and manufacturing. In 2020, the company started producing the iPhone SE at a Wistron plant in Bengaluru. This move helped the company avoid high import tariffs and made its products more affordable for Indian consumers. Apple is also reportedly planning to start manufacturing the iPhone 12 in India, in addition to other products.
Apple’s investment in India is also expected to have a positive impact on the country’s startup ecosystem. The company has been working with Indian startups and app developers to bring localized content to its products. In 2020, Apple announced a $100 million fund to support developers in India who are building innovative apps and services.
Apple’s promise to India is part of a larger trend of tech companies investing in the country. Google, Amazon, and Facebook have all made significant investments in India in recent years, as they look to tap into the country’s large and growing population.
In conclusion, Apple’s commitment to investing in India is a significant development for the country’s technology sector. The company’s investment is likely to create thousands of jobs, and it could help to attract other tech companies to the country. India’s economy is growing rapidly, and Apple’s investment is a testament to the country’s potential.