The move is part of Apple's get-out-of-China plans. Salcomp is a Finnish company that specialises in the design and manufacturing of chargers and power adapters for various electronic devices, including smartphones, tablets, laptops, and other mobile devices. It is one of Apple's major suppliers.
Salcomp aims to more than double its current employee count to nearly 25,000 in the next two years, a move that could position it as a critical player in India's burgeoning tech manufacturing sector. To cater to its employees, the company is also planning to build a massive housing complex with education and entertainment facilities for around 15,000 people.
It is not the only one of Apple's chums who is looking to exploit India's cheap labour. Last year, Foxconn announced its plans to quadruple its workforce at its Indian plant in Tamil Nadu over the next two years. The move was followed by a manufacturing slowdown in Foxconn's largest factory in China's Zhengzhou due to zero-COVID policy.