Salcomp, which is a supplier of chargers to Apple for its iPhones, announced its plans to increase its workforce in India to nearly 25,000 over the next 2-3 years. A senior executive at the company stated on Monday that their goal is to achieve annual revenue in India of at least $2 billion to $3 billion by 2025, as reported by Reuters.
The Finnish company currently employs around 12,000 individuals in Chennai, where they focus primarily on making chargers along with other smartphone parts. Additionally, the company is also constructing a large housing complex complete with amenities for entertainment and education capable of accommodating approximately 15,000 individuals.
These plans come amid Apple’s effort to diversify its production away from China due to the strict COVID-related lockdowns and restrictions, as well as the escalating trade and geopolitical tensions between Beijing and Washington.
As previously reported by Reuters, another Apple supplier, Foxconn, intends to increase its workforce at its iPhone factory in India by four times over a period of two years. Presently, iPhones are manufactured in India by at least three of Apple’s global suppliers: Foxconn and Pegatron in the state of Tamil Nadu, and Wistron in the neighbouring state of Karnataka.
Additionally, last year, JP Morgan analysts estimated that by 2025, one out of every four iPhones made may be produced in India, and that 25 per cent of all Apple products, including the Mac, iPad, Apple Watch, and AirPods, will be manufactured outside of China, which is a significant increase from the current 5 per cent.
