Apple Vendors In India Hired 20,000 New Workers In Last 7 Months Following Launch Of PLI SchemePrime Minister Narendra Modi with Minister Ravi Shankar Prasad.

Tech giant Apple’s vendors have hired 20,000 new employees ever since the central government’s Rs 40,000 crores production-linked incentive (PLI) for smartphones became operational in August 2020.

The company’s two major contract manufacturers, i.e. Foxconn and Wistron, have already met and surpassed the year one (FY21) investment target of Rs 250 crore each and also recruited 7,500 new workers each in the last 10 months.

Moreover, other Apple vendors such as Salcomp, Sunwoda and Foxlink are also believed to have employed another 5,000 individuals in order to augment the manufacturing capacity of the two aforementioned contractors.

Pegatron is another contract manufacturer of Apple that has been picked under the PLI scheme. The firm is set to appoint an additional 6000-7000 employees in the present fiscal year once it kicks off its operations in the country.

Each of these companies are anticipated to employ 23,000 workers as per their PLI applications by the end of FY22, Financial Express reports.

The government had forecast that the smartphone PLI scheme will generate two lakh new direct employment opportunities in the country in the coming five years. Furthermore, it is also slated to give rise to around six lakh indirect employment chances in the given time-frame.

The hiring process of Apple’s manufacturers is further expected to expedite as the Covid-19 vaccination program in the country gathers pace in the next few months.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber