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 from Swarajya
At Swarajya, we rely on our readers' support through subscriptions to sustain our media platform. Unlike larger conglomerates, we are unable to relentlessly chase advertising money — our model is largely built on your patronage.
Your support has never been more crucial. We work tirelessly to deliver 10-15 high-quality articles daily, ensuring you receive insightful content from 7 AM to 10 PM.
If you believe India's story has to be articulated in a way it has never been done before without shrugging it off, become a patron (or) subscribe now for ₹̶2̶4̶0̶0̶ ₹1999 and get 12 print issues, unlimited digital access for 1 year, a special India that is Bharat T-shirt (Offer ends soon).
We are counting on you!