'1 Lakh Jobs Created In 19 Months,' Apple Becomes India¡¯s Largest Job Creator In Electronics Sector

After becoming the first smartphone maker in India to achieve over $1 billion worth of exports within a month, Apple has now become the single largest creator of jobs in India¡¯s electronics sector after having generated 1 lakh new direct jobs in the last 19 months.

Apple Creates 1 Lakh Direct Jobs In India

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These jobs have been created by Apple¡¯s key vendors in India and their ecosystem of component suppliers who help in the manufacture of iPhones under the government¡¯s smartphone production-linked incentive (PLI) scheme.

As per a Business Standard report, the vast majority of these new jobs have been created in the 19 months since the PLI scheme came into effect in August 2021.

The three vendors who assemble the iPhone¡ªFoxconn Hon Hai, Pegatron, and Wistron¡ªhave collectively generated 60% of the new jobs. This already exceeds their second-year commitment to generate new jobs under the scheme by roughly 7,000 new jobs.

With a month still to go before the financial year ends on March 31st, 2023, it is expected that a few thousand more jobs will be added.

The remaining jobs have been created by Apple¡¯s ecosystem, which includes suppliers of components and chargers. These suppliers have generated 40,000 additional jobs and include names such as Tata Electronics, Salcomp, Avary, Foxlink, Sunwoda, and Jabil.

The data is based on the three vendors and the companies in the Apple ecosystem that are required to file the employment numbers on a regular basis with government authorities.

Also Read: Apple CEO Tim Cook Confirms Plan To Launch Its First Retail Store In India

Who Employed How Many

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Of the 1 lakh new jobs, Tamil Nadu-based Foxconn Hon Hai, which exclusively makes iPhones, has created the largest number¡ªover 35,500, or more than a third of the jobs.

Also in Tamil Nadu is Pegatron, which only started production this financial year but has already become the second largest employer with 14,000 jobs.

Wistron, located in Karnataka, has generated 12,800 jobs, as per the report.

In the supply chain, sources say that Tata Electronics, which is Apple¡¯s key component supplier for mechanical parts, has employed substantial numbers of employees.

The other contributors are Salcomp, with over 11,000 employees, along with Jabil, Foxlink, and Sunwoda.

2 Lakh Jobs To be Created Under PLI Scheme

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According to a government press release issued on October 6, 2020, it was estimated that a total of 2 lakh direct jobs would be created in five years under the smartphone PLI scheme.

It is clear that the industry is well on its way to achieving the target, mostly led by the Apple ecosystem.

The government has also estimated that for every direct job, nearly three times the number of indirect jobs are created in electronics manufacturing.

According to the report, the total number of direct and indirect jobs created by the Apple ecosystem would be close to 3 lakh.

According to the India Cellular and Electronics Association, the total number of jobs directly and indirectly created by mobile device manufacturers and their suppliers is around two million over seven years.

Also Read: Not Steve Jobs, This Man Was The First CEO Of Tech Giant Apple

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