Apple Ink’s partner Foxconn Technology Group plans to invest in a plant in India to increase local production. According to Bloomberg’s report, this investment will be around $ 700 million. This manufacturing company of Apple is being shifted from China to Bangalore. Due to which many unemployed students will also benefit a lot. There are 1 lakh job opportunities in bengaluru due to the shift of this Apple company. For this, Foxconn Technology Group, partner of Apple Inc has bought 13 million square feet of land near Bengaluru Airport on Monday.
Due to high tension between America and China, Apple’s manufacturing company is being shifted from China to India. Due to which there is an aspiration of having 1 lakh job opportunities in Bengaluru. After the geopolitical tension and the Corona epidemic, Apple and many other big companies of America are working on the startup of their own manufacturing company outside China as well.
The company bought land for Rs 303 crore, which will create one lakh job opportunities in Bengaluru
Due to high tension between America and China, Apple’s manufacturing company is being shifted from China to India. After the geopolitical tension and the Corona epidemic, Apple and many other big companies of America are working on the startup of their own manufacturing company outside China as well.
With the construction of this plant in India, it is expected that 1 lakh jobs will be created in Bengaluru. About 200,000 employees currently work at the Apple company’s iPhone assembly complex in Zhengzhou, China. Foxconn Company is making such a huge investment in India for the first time.
After iPhone SE, manufacturing of iPhone 11, iPhone 12 and iPhone 13 was also done in India. Due to which soon there will be an opportunity of 1 lakh jobs in Bengaluru. Foxconn’s plant is located in the city of Sriperumbudur near Chennai. All three contract manufacturers of Apple are part of the Rs 41,000 crore Production-Linked Incentive Scheme (PLI) of the Government of India.
Most of the iPhone’s Assembling takes place in China. According to Apple CEO Tim Cook, the reason for manufacturing in China is not the low labor cost. If that were the case, Apple could make its phones in even cheaper places. According to Tim Cook, the main reason is skill in tooling engineering. He says that the specific skill set is not so available in the US now, but China has experts. There are currently 2 lakh workers working in China. Because of this, there can be an opportunity to get about 1 lakh job opportunities in Bengaluru as well.
According to a report by Investopedia, the average salary of an iPhone employee is $10 per hour. And top earners make about $27 an hour.