Chennai: In a significant move aimed at supporting its workforce, Apple is gearing up to provide residential accommodations for its employees in India, with plans to construct a staggering 78,000 homes. This initiative comes after the tech giant has already generated 150,000 direct jobs in the country over the past two and a half years, signaling its commitment to fostering a supportive work environment.
According to a report by the Economic Times, Apple is adopting a similar industrial housing model in India as it has successfully implemented in China and Vietnam. The company’s contract manufacturers and suppliers, including Foxconn, Tata, and Salcomp, are spearheading the effort to build homes for their employees.
This ambitious endeavor is being executed through a pioneering public-private partnership, marking one of the largest private-sector initiatives of its kind. Notably, Tamil Nadu is slated to receive the highest allocation, with plans for 58,000 units to be constructed in the state.
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The State Industries Promotion Corporation of Tamil Nadu (SIPCOT) will take the lead in constructing the majority of these housing units, with contributions also coming from the Tata Group and SPR India. Funding for the project is expected to be a collaborative effort, with the central government potentially providing 10-15% of the financing, while the rest will be sourced from state governments and private entrepreneurs.
Officials involved in the project anticipate that construction and handover to the private sector will be completed within the current financial year, ending on March 31, 2025. This monumental employee housing initiative aims not only to enhance efficiency but also to provide a sense of security, particularly for migrant women employees, a significant portion of whom belong to the 19-24 age group.
“As Apple continues to expand its operations in India, the provision of residential facilities underscores our commitment to the well-being and support of our workforce,” commented an official familiar with the project.
