Apple will usher in a new plant of smartphones in India next year. The company plans to invest heavily in the Indian market while decreasing its operations in Chinese territory. The new plant will be used to produce the iPhone 12.
Almost 10,000 job openings
A former governor of the state of Karnataka, where the factory will be built, posted on a social network that the new facility should create around 10,000 jobs when it is 100% operational. For now, about two thousand people have already been hired to start the construction of the project. Altogether, Apple should allocate 70% of these vacancies to local professionals.
In July of this year, Apple has already started making the iPhone 11 in India and is expected to start producing iPhone SE 2 soon. The company does not have such a large market share in the country, in the smartphone segment, but achieved a 78% growth in the first quarter of 2020, compared to the same period in 2019. This was basically due to sales of the iPhone 11.
In February of this year, the company’s CEO, Tim Cook, went so far as to say that he would launch an online store in the country, but it seems that the plans have lost momentum due to the COVID-19 pandemic.
Apple, along with other manufacturers, plans to generate $ 140 billion from the production of devices and components in India in the next five years. In the same period, the company should migrate a fifth of its production from China to the new country targeted for investments.
Another company that made this same move was Samsung, which no longer has smartphone factories in China. The last one was disabled last year. Meanwhile, the South Korean company also has plans to invest in India, with the construction of two new factories.