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Apple may employ 5 lakh people in India in 3 years

Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years.

Apple s Indian ecosystem emerges as top job creator, employing over 1,50,000 directly since PLI scheme launch, ET Telecom

Apple has been doubling down on India - the world s second-largest smartphone market - amid geopolitical tensions, having also witnessed a slump in the key US and China markets.

Apple Ecosystem Employed Over 1 5 Lakh People Directly Since Approval of PLI Scheme in 2021, Says MoS IT Rajeev Chandrasekhar

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. Apple Ecosystem Employed Over 1.5 Lakh People Directly Since Approval of PLI Scheme in 2021, Says MoS IT Rajeev Chandrasekhar.

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