5 lakh ‘Apployments’: Apple ecosystem to create huge number of jobs in 3 years; iPhone maker may move hal

5 lakh ‘Apployments’: Apple ecosystem to create huge number of jobs in 3 years; iPhone maker may move hal

The TOI Business Desk delivers the latest global business news to Times of India readers, with a focus on industries, markets, economic trends, analysis, exclusive reports, and breaking stories. Providing valuable insights, the desk keeps readers informed about the dynamic world of commerce, guiding them through the complexities of the business world.

Source: Link

FAQs - 5 lakh 'Apployments'

Frequently Asked Questions (FAQs) - 5 lakh 'Apployments'

FAQ 1: What are 'Apployments'?

Answer: 'Apployments' is likely a term being used to describe the employment opportunities that are anticipated to be created by Apple's ecosystem in India. This term combines "Apple" and "employment" to signify jobs linked to Apple's production and supply network.

FAQ 2: How many jobs is Apple's ecosystem expected to create in India?

Answer: Apple's ecosystem of component makers and suppliers is expected to create around five lakh (500,000) jobs in India directly over the next three years.

FAQ 3: Why may Apple move half of its supply chain from China to India?

Answer: While the reasons are not specified in the search results, it is commonly known that global companies like Apple are looking to diversify their supply chains due to various reasons such as trade tensions, the need for market diversification, and potentially lower production costs in other countries. India offers a large market, favorable government incentives, and a growing manufacturing sector, which may be attractive to Apple.

FAQ 4: By when is Apple expected to make this shift in its supply chain?

Answer: Apple is expected to move at least half of its supply chain from China to India within the next three years.

For any further details, please refer to the articles linked in the search results or visit the respective websites of The Times of India, The Economic Times, and others that have reported on this development.

The Times of India

The Economic Times