Apple may generate 55000 jobs in India by moving their manufacturing bases from China to India. This move will also add to the Make In India initiative.
According to the report, Apple wants to shift its 6 production lines from China to India. With these production lines, Apple wants to serve the local demand as well as export to other countries.
Not just iPhones, but Apple wants to manufacture laptops, tablets, etc in India. As of now, iPhone XR is manufactured in the country. By manufacturing in India, Apple saves around 20% tax for the import duty
Currently, these iPhones are made in India by a contract manufacturer Foxconn. Foxconn also submits proposals to avail the benefits of government’s 50,000 incentive scheme
Along with Apple, several other companies like Samsung, Lava, Dixon, etc want to manufacture in the country. This might create around 11 crore jobs in the next 5 years along with the 55000 jobs by Apple