According to Business Standard, Apple has become the leading employer in the electronics industry after creating 100,000 new direct jobs in the past 19 months.
The research observed that by supporting the manufacturing of iPhones under the government’s Production Linked Incentive (PLI) plan, Apple’s vendors and component suppliers in India helped to create these jobs.
According to the research, the majority of these 100,000 new employment have been created in the last 19 months since the PLI scheme’s commencement in August 2021.
Sixty percent of the new employment were produced by the three major vendors who assemble iPhones: Foxconn Hon Hai, Pegatron, and Wistron. This number is about 7,000 jobs more than what they agreed to for the program’s second year.
The research claims that Apple’s ecosystem, which includes suppliers of parts and chargers, has created the remaining 40% of jobs. An extra 40,000 jobs have been created by these suppliers, which include businesses like Tata Electronics, Salcomp, Avary, Foxlink, Sunwoda, and Jabil.
The job statistics are based on information provided by the three iPhone vendors and the businesses in Apple’s ecosystem, who are required to submit regular reports to government agencies detailing their employment levels.
More than 35,500 employment have been created by Foxconn Hon Hai, a company based in Tamil Nadu that produces just iPhones. This is more than a third of all jobs created.