IANS | 01 Apr, 2024
The Apple ecosystem employed over 150,000 people directly since the
production-linked incentive (PLI) scheme was approved in 2021, making it
the country's largest blue-collar job creator, Minister of State for
Electronics and IT, Rajeev Chandrasekhar, said on Monday.
About 3 lakh people have been employed indirectly, with a total
of over 4 lakh new jobs, owing to Prime Minister Narendra Modi’s PLI
policies which have been transformative, said the minister who is an NDA
candidate from Thiruvananthapuram Lok Sabha seat.
“iPhone factories are set to hire more than 10,000 people directly in the peak June-September period,” he posted on X.
The
FY24 production of iPhones exceeded Rs 1 lakh crore in February, with
70 per cent exports and a total market value of Rs 1.6 lakh crore.
“iOS
app development now supports more than 1 million jobs. Apple has
launched an education initiative on women's health as part of its
$50-million Supplier Employee Development Fund,” the Union Minister
informed.
Apple's revenue in India hit nearly Rs 50,000 crore in
FY23, with sales increasing 48 per cent to Rs 49,321 crore and net
profit rising 76 per cent to Rs 2,229 crore -- fastest growth of net
profit for Apple in India in the last five years.
India is close
to achieving the target of Rs 20 lakh crore worth of mobile phone
production in the last 10 years while crossing Rs 1.20 lakh crore worth
phone exports in the current fiscal year (FY24) -- a whopping 7,500 per
cent increase in exports over a decade -- top electronics industry body
India Cellular and Electronics Association (ICEA) said last month.
Driven by this export growth, mobile phones have now become India's fifth largest export as an individual commodity.
