{"id":1287787,"date":"2024-11-26T13:04:47","date_gmt":"2024-11-26T07:34:47","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1287787"},"modified":"2024-11-26T13:05:22","modified_gmt":"2024-11-26T07:35:22","slug":"apple-india-creates-1-75-lakh-jobs-by-manufacturing-rs-1-2-lakh-crore-of-iphones","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/apple-india-creates-1-75-lakh-jobs-by-manufacturing-rs-1-2-lakh-crore-of-iphones\/","title":{"rendered":"Apple India Creates 1.75 Lakh Jobs By Manufacturing Rs 1.2 Lakh Crore Of iPhones"},"content":{"rendered":"\n<p>Apple has seen remarkable success in India, producing and assembling <strong>$14 billion worth of iPhones<\/strong> in fiscal year <strong>FY24<\/strong>, with exports accounting for over <strong>$10 billion<\/strong> of this figure. The strong performance in the current fiscal year underscores the company\u2019s increasing reliance on India as a manufacturing hub. As noted by <strong>Union Electronics and IT Minister Ashwini Vaishnaw<\/strong>, iPhone exports from India have reached <strong>Rs 60,000 crore ($7 billion)<\/strong> in just the first seven months of FY25, with the company consistently shipping iPhones valued at <strong>almost $1 billion each month<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Untitled-design-2-1-1280x720-1-1-1024x576.jpg\" alt=\"Apple India Creates 1.75 Lakh Jobs By Manufacturing Rs 1.2 Lakh Crore Of iPhones\" class=\"wp-image-1287793\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Untitled-design-2-1-1280x720-1-1-1024x576.jpg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Untitled-design-2-1-1280x720-1-1-300x169.jpg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Untitled-design-2-1-1280x720-1-1-768x432.jpg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Untitled-design-2-1-1280x720-1-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>In the <strong>July-September period<\/strong>, Apple even set an <strong>all-time revenue record<\/strong> in India, reflecting the growing demand for its products in the country. This surge in production and exports is a testament to both the success of the PLI scheme and Apple&#8217;s strategic investment in Indian manufacturing.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Apple Ecosystem in India: Jobs and Growth<\/strong><\/h3>\n\n\n\n<p>The expansion of Apple\u2019s operations in India is also having a profound impact on local employment. According to Vaishnaw, the company\u2019s ecosystem has <strong>created 175,000 direct jobs<\/strong> over the past four years, with more than <strong><a href=\"https:\/\/ddnews.gov.in\/en\/indias-iphone-output-reaches-10-billion-creates-1-75-lakh-jobs\/#:~:text=%E2%80%9C%2410%20billion%20iPhone%20production%20by,over%2072%20per%20cent%20women%E2%80%9D.\">72% of these jobs filled by women<\/a><\/strong>. This highlights Apple\u2019s commitment to enhancing economic growth and employment opportunities, particularly for women in India\u2019s tech sector.<\/p>\n\n\n\n<p>Apple\u2019s success in India is not just confined to manufacturing. With a <strong>36% increase in operating revenue<\/strong> in India in FY24, the company has surpassed <strong>Rs 66,700 crore ($8 billion)<\/strong> in revenue. Moreover, Apple\u2019s <strong>profit<\/strong> for FY24 rose by <strong>23%<\/strong>, reaching <strong>Rs 2,746 crore ($330 million)<\/strong>, further reinforcing its strong market position in the country.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>A Bright Future for Apple in India<\/strong><\/h3>\n\n\n\n<p>Tim Cook, Apple\u2019s CEO, expressed excitement about the company\u2019s performance in India, calling it an extraordinary year for innovation. The surge in production, exports, and profits shows that Apple\u2019s efforts to localize manufacturing in India are paying off. As the demand for iPhones continues to grow, particularly in <strong>aspirational Bharat<\/strong> (rural and tier-2 cities), Apple is expected to deepen its ties with India, potentially making it an even more critical part of its global supply chain.<\/p>\n\n\n\n<p>This record-breaking growth in iPhone production and exports is a clear indication that Apple\u2019s future in India looks brighter than ever. As the company expands its manufacturing capabilities, it will continue to drive innovation, job creation, and economic development in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple has seen remarkable success in India, producing and assembling $14 billion worth of iPhones in fiscal year FY24, with exports accounting for over $10 billion of this figure. The strong performance in the current fiscal year underscores the company\u2019s increasing reliance on India as a manufacturing hub. As noted by Union Electronics and IT [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1287793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[677,676],"class_list":["post-1287787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-iphones","tag-make-in-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple India Creates 1.75 Lakh Jobs By Manufacturing Rs 1.2 Lakh Crore Of iPhones - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/apple-india-creates-1-75-lakh-jobs-by-manufacturing-rs-1-2-lakh-crore-of-iphones\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple India Creates 1.75 Lakh Jobs By Manufacturing Rs 1.2 Lakh Crore Of iPhones - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Apple has seen remarkable success in India, producing and assembling $14 billion worth of iPhones in fiscal year FY24, with exports accounting for over $10 billion of this figure. The strong performance in the current fiscal year underscores the company\u2019s increasing reliance on India as a manufacturing hub. As noted by Union Electronics and IT [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/apple-india-creates-1-75-lakh-jobs-by-manufacturing-rs-1-2-lakh-crore-of-iphones\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-26T07:34:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-26T07:35:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Untitled-design-2-1-1280x720-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/apple-india-creates-1-75-lakh-jobs-by-manufacturing-rs-1-2-lakh-crore-of-iphones\/\",\"url\":\"https:\/\/trak.in\/stories\/apple-india-creates-1-75-lakh-jobs-by-manufacturing-rs-1-2-lakh-crore-of-iphones\/\",\"name\":\"Apple India Creates 1.75 Lakh Jobs By Manufacturing Rs 1.2 Lakh Crore Of iPhones - Trak.in - Indian Business of Tech, Mobile &amp; 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