How Will Apple's Expansion in India Impact the Job Market and Tech Industry?

Apple is planning to increase its production in India and aims to scale up its hiring through vendors and components suppliers in the country. According to the sources from the government, the company is expected to employ around 500,000 employees in India in the next three years, which is a significant boost from the current150,000 employees, hired through its two plants run by Tata Electronics. 

Image source Moneycontrol

The plans around the growth came after Apple achieved the highest revenue in India for the first time in 2023, reaching the shipment of 10 million units.

The Cupertino-baed company is planning a five-fold expansion in its production with a target to increase it to approximately $40 billion over the next four to five years.

Apple witnessed a dramatic growth in iPhone exports from India, doubling to $12.1 billion in the fiscal year 2023-24 from $6.27 billion in the previous fiscal year, marking a significant increase of nearly 100%.

Image source IndiaToday

Furthermore, Apple is also focusing on its green push in the Indian market by collaborating with Mumbai-based solar energy solutions provider, CleanMax.

The two companies will invest in six rooftop solar projects in India, generating a combined output of 14.4 megawatts (MW), which will be used to power Apple's offices and stores in India.