Apple to Set up Two Mega Factories in India, Producing 100,000 Jobs – CEA Nageswaran


Final Up to date:

Apple is constructing two main factories close to Bangalore and Chennai, boosting native iPhone manufacturing with Tata Group and Foxconn, and creating 100000 jobs.

Apple’s Shift From China Accelerates With Two New India Factories, Says V Anantha Nageswaran

Apple’s Shift From China Accelerates With Two New India Factories, Says V Anantha Nageswaran

Apple is planning to construct two main factories close to Bangalore and Chennai, with a cumulative employment capability to 1,00,000 employees, amid rising native element manufacturing to assist iPhone meeting, in response to India’s Chief Financial Adviser V Anantha Nageswaran.

Talking within the fireplace chat with Raghuram Rajan, the previous RBI governor and Harold W. McGraw, III Basis Senior Fellow (adjunct) on the Hoover Establishment, Nageswaran mentioned this growth is in alignment with Apple’s international technique to diversify its manufacturing unit from China beneath India’s PLI scheme.

“Worth additions within the Indian manufacturing telephones are rising…it was single-few digit within the first few years, and excessive double-digits,” Nageswaran mentioned.

The CEA added that among the elements are actually being made contained in the nation.

Apple has steadily broadened its native manufacturing base, shifting a lot of its US-focused iPhone manufacturing from China to India to cushion the influence of tariffs.

The growth covers Tata Group’s facility in Hosur, Tamil Nadu, and Foxconn Expertise Group’s manufacturing hub close to Bangalore airport, each of which have lately gone reside. In an indication of Tata’s rising significance as an Apple associate, factories managed by the conglomerate might account for almost half of India’s iPhone output throughout the subsequent two years.

India’s iPhone exports surged by 53% year-on-year within the first half of 2025, reaching 23.9 million items, up from 15.6 million items in the identical interval final 12 months.

The USA emerged because the dominant export vacation spot, accounting for 78% of iPhones shipped from India in H1 2025 — a rise from 53% a 12 months earlier. In the meantime, different key markets such because the Netherlands, UAE, Czech Republic, UK, and Japan noticed their shares fall, every contributing simply 2-4%.

The ramp-up was initiated by extreme COVID-19 lockdowns in China that disrupted operations at Apple’s largest plant, compelling the tech large to scale back its overdependence on the nation. A big share of those iPhones are assembled at Foxconn Expertise Group’s facility in southern India, with Tata Group’s electronics arm additionally rising as a key contributor.

Click on right here so as to add News18 as your most popular information supply on Google.
Observe News18 on Google. Be part of the enjoyable, play video games on News18. Keep up to date with all the newest enterprise information, together with market traitsinventory updatestax, IPO, banking finance, actual property, financial savings and investments. To Get in-depth evaluation, skilled opinions, and real-time updates. Additionally Obtain the News18 App to remain up to date.
Information enterprise Apple To Construct Two Mega Factories In India, Creating 1 Lakh Jobs, Says CEA Nageswaran
Disclaimer: Feedback replicate customers’ views, not News18’s. Please preserve discussions respectful and constructive. Abusive, defamatory, or unlawful feedback might be eliminated. News18 could disable any remark at its discretion. By posting, you conform to our Phrases of Use and Privateness Coverage.

Learn Extra



Supply hyperlink


Posted

in

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.