Apple Inc’s contract manufacturers and component suppliers have created nearly 50,000 direct jobs in India since the smartphone production-linked incentive scheme came into effect in August 2021, according to government officials. Besides the direct jobs, nearly 100,000 indirect jobs could also have been created by the Apple manufacturing ecosystem in the country, they said, citing data submitted by the companies.
Why it’s important: Through its contract manufacturers, Apple may have become the largest provider of blue-collar jobs in India’s fast-growing electronics sector. It is in line with the firm’s pivot away from China. MoneyControl