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Apple Supply Chain Drive in India Creates 2.5 Lakh Jobs
StartupTalky
·
3h ago
Medial
Apple's supply chain expansion in India, spurred by the Production-Linked Incentive (PLI) program, has created 250,000 jobs over five years, with 70% held by women, primarily aged 19–24. Major contributors such as Tata Group and Foxconn exceed employment targets, adding around 140,000 jobs. This initiative has significantly impacted exports, with iPhone manufacturing driving substantial increases. Apple's localized efforts have reshaped India's electronics manufacturing and export profile, fostering significant growth in related industries.
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Apple Supply Chain Expands in Tamil Nadu
StartupTalky
·
6m ago
Medial
Apple's supply chain is expanding in Tamil Nadu with a significant INR 30,000 crore investment, expected to create 60,000 jobs. Driven by strong infrastructure and talent, Apple suppliers are setting up manufacturing in the state. The Tamil Nadu Electronics Components Manufacturing Scheme offers incentives comparable to national schemes to attract companies. Major suppliers include Foxconn, Tata Electronics, and Pegatron. This move is part of Apple's strategy to diversify its supply chain beyond China.
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Flipkart deepens supply chain footprint across India, including Patna, ahead of Big Billion Days
IndianStartupNews
·
5m ago
Medial
Flipkart is expanding its supply chain infrastructure across India to prepare for its flagship festive sale, The Big Billion Days. The company has added new fulfillment centers and last-mile hubs in regions like Uttar Pradesh, Bihar, Haryana, and Tripura, aiming to enhance regional coverage and create jobs. Covering 35 lakh square feet and 21,000 pin codes, the expansion includes facilities in Varanasi, Patna, and Manesar, supporting rapid deliveries and enhancing quick commerce capabilities.
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As Apple spreads its branches, 45 companies now plugged into Indian supply chain
Economic Times
·
4m ago
Medial
Apple has significantly expanded its supply chain in India to include around 45 companies, contributing to the creation of approximately 350,000 jobs. The inclusion of local component makers and subassembly suppliers into its ecosystem has strengthened Apple's operations in the world's second-largest smartphone market. Indian companies like Tata Electronics, Jabil, and Hindalco are now part of Apple's domestic ecosystem. Consequently, India has become a notable iPhone production hub, with significant exports enhancing the local electronics industry.
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Flipkart creates 2.2 lakh seasonal jobs ahead of festive season - The Economic Times
Economic Times
·
6m ago
Medial
Flipkart has created over 2.2 lakh seasonal job opportunities in supply chain, logistics, and last-mile delivery roles to prepare for the festive season. The company is also establishing 650 new delivery hubs in tier 2 and 3 cities, focusing on inclusive hiring practices, including a 10% increase in female employees and opportunities for persons with disabilities (PwD). This aligns with Amazon India's creation of 1.5 lakh seasonal jobs, enhancing employment and logistics infrastructure.
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Zepto rolls outs pan-India supply chain automation - The Economic Times
Economic Times
·
2m ago
Medial
Zepto has automated its supply chain operations across India, processing 2.5 million FMCG units daily. This has led to a 45% increase in manpower efficiency and significant annual cost savings. Zepto's proprietary software integrates automation with its logistics systems. Despite industry supply chain challenges, Zepto's automation enhances operational efficiency. The company also expands into pharmacy delivery, promising 10-minute service in major cities, as part of its ongoing growth and innovation strategy.
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Apple supplier Jabil eyeing more AirPods casing from India plants
Economic Times
·
9m ago
Medial
Apple supplier Jabil plans to enhance AirPods casing production in India by utilizing a new facility in Trichy, Tamil Nadu, aligning with Apple's strategy to diversify its supply chain away from China. Currently producing in Pune, Jabil is evaluating expanding its manufacturing footprint to better serve Apple's growing Indian market initiatives. The strategic move follows industry reports indicating increased Indian manufacturing activities for Apple, reflecting broader global supply chain realignments amid geopolitical uncertainties.
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Ayekart Nets $6.5 Mn To Offer Agri Focussed Financial, Services
Inc42
·
2y ago
Medial
Agri-fintech startup Ayekart has raised $6.5 million in Series A funding to expand its operations nationwide and cater to a larger customer base. The funds were raised from investors Omnivore, Siana Capital, and Unleash Capital. Ayekart provides fintech and supply chain solutions for traditional businesses in the agrifood value chain. The startup claims to operate across 18 states with over 9,000 active merchants on its platform and has facilitated over 2.5 Lakh transactions. It aims to empower Farmer Producer Organizations (FPOs) and agrifood MSMEs by addressing their pain points through innovative fintech solutions.
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Apple seeks Indian suppliers, begins talks with Bharat Forge for component manufacturing: Report | Mint
Livemint
·
1y ago
Medial
Apple is reportedly in discussions with Kalyani Group's Bharat Forge to become a local supplier in India for component manufacturing. If successful, Bharat Forge would join other Indian companies like Tata Group, Motherson Group, and Aequs in supporting Apple's supply chain. This move aligns with Apple's strategy to strengthen its manufacturing base in India by cultivating more local vendors, emphasizing the growing significance of the Indian market for Apple's broader manufacturing and supply chain operations.
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iPhone maker Foxconn's Hyd plant to start in Aug, adding 25k jobs
Inshorts
·
1y ago
Medial
Foxconn is building a plant near Hyderabad, Telangana, initially creating 25,000 jobs and eventually over 100,000. Starting in August, it will manufacture Apple’s AirPods, marking Foxconn’s first audio device production for Apple in India. The plant, completed in 1.5 years instead of 2.5, reflects Foxconn's $500 million investment. Chairman Young Liu signed a letter of intent in March 2023.
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Apple Affirms India as Key Manufacturing Hub Despite Trump’s Warning
OutlookIndia
·
9m ago
Medial
Apple has reaffirmed its commitment to India as a significant manufacturing hub, despite President Trump advising against Apple producing in India. Trump had urged Apple CEO Tim Cook to shift more production to the U.S. Nevertheless, Apple plans to continue its investment in India, where it manufactured $22 billion worth of iPhones last fiscal year. This move is part of Apple's strategy to diversify its supply chain amidst geopolitical tensions and disruptions in China.
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