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Apples ecosystem of component makers and suppliers could collectively employ around 500,000 people in India directly in the next three years — marking an over three-fold increase — as the phone-maker is aiming to move at least half of its existing supply chain from China to India, top officials aware of the matter told ET.

India Business News: Apple plans to shift a significant portion of its supply chain from China to India, aiming to boost local employment by three-fold to around 500,000 i

Apple India: Cupertino-based Apple is looking to increasingly distance itself from China. It also aims to increase local value addition from its Indian suppliers in line with the approach that it has adopted in China.

Data from Google Ads Transparency Centre shows that parties are shelling out nearly Rs 117 crore on the search giant alone. This is against the Rs 10 crore spent on political ads in the runup to the 2019 general elections.

Apple India: Experts are of the view that as India becomes an important market both for exports as well as for local sale of Apple products, it will trigger a vibrant supplier ecosystem. And, also emerge as a potential R&D hub for software-to-silicon design.

The Apple ecosystem has employed more than 150,000 people directly since the start of the production-linked incentive (PLI) scheme for smartphones in August 2021, making it the countrys largest blue-collar job creator.

Apart from the 1,50,000 people employed directly, sources said that around 3,00,000 indirect jobs were also created through companies benefiting from the production-linked incentive scheme.

Apple has been doubling down on India - the worlds second-largest smartphone market - amid geopolitical tensions, having also witnessed a slump in the key US and China markets.

Apple and its supplier network have become Indias leading blue-collar job creator since the start of the production-linked incentive scheme. This and more in todays ETtech Top 5.

The Apple ecosystem has employed more than 150,000 people directly since the start of the production-linked incentive (PLI) scheme for smartphones in August 2021