Sebi has recently cautioned Indian investors against trading through the FPI route
India's Telecom and Information Technology (IT) Minister Ashwini Vaishnaw on Tuesday said the biggest unit to manufacture Apple iPhone in India is coming up near Hosur near Bengaluru, and it will employ over 60,000 people.
The Minister was speaking during Janjatiya Gaurav Divas ceremony at Karnataka Raj Bhavan. He said six thousand tribal women residing near Ranchi and Hazaribagh have been trained to make iPhones.
It can be noted that Apple outsourced the manufacturing of iPhone enclosures to Tata Electronics, which has a plant at Hosur.
"Apple's iPhone is now getting made in India. It's the biggest plant in India and is being set up at Hosur near Bengaluru. 60,000 people work in a single factory. The first 6,000 of these 60,000 employees are our tribal sisters from places nearby Ranchi and Hazaribagh. Tribal sisters have been trained to make Apple iPhone," the Minister said.
According to reports, Apple had recently started assembling iPhone 14 model in India. Apple's main iPhone assembler, Foxconn, is manufacturing the devices at its Sriperumbudur factory on the outskirts of Chennai. Apple has been manufacturing iPhones in India since 2017, but these were usually older models.
ALSO READ:
Sebi has recently cautioned Indian investors against trading through the FPI route
Wealth fund targets doubling its exposure in Asia by 2030
UAE citizens and residents together rank 5th on the list of most visited tourists to Armenia
The move is meant to bolster support for these businesses during their transition to the ADGM
PwC said the impact of the global megatrends such as technological disruption, and climate change will continue to drive investment
UAE’s non-oil trade with China increased by 4.2% in 2023
Major part of companies' annual sales occur during the holy month
It is essential to act together to create the pathways for sharing freshwater resources equitably