Handset makers to hire around 50K people by March 2021
By MYBRANDBOOK
Under the impetus of the production-linked incentive (PLI) scheme, the handset industry is set to hire around 50,000 direct employees by March, 2021. This has encouraged global and local players to set up and expand manufacturing factories in India.
Recruiters say the blue collared workforce returning to the cities and the push for diversity has mobile makers set up hiring mandates with assurance of safe workplaces amidst Covid-19 outbreak.
Pankaj Mohindroo, president of industry body India Cellular and Electronics Association (ICEA), says, “From now till March next year, the handset industry will hire 50,000 direct employees. After the lockdown was removed, many have returned to the cities and the PLI scheme is finally taking shape. The handset sector employs around 7 lakh currently…last year about 15,000 were hired. This is because the PLI scheme was still in draft state and it was a quiet year.”
It has been estimated, domestic manufacturers including Dixon Technologies, UTL Neolyncs, Lava International, Optiemus Electronics and Micromax are expected to generate over 20,000 direct jobs by the end of December.
The estimate is a big uptick from the hiring last year, which the industry body chairman pegs down to absence of PLI.
Last month, the government approved the applications of 10 mobile phone manufacturing companies, including five foreign include Samsung, Foxconn units Hon Hai and Rising Star, Wistron and Pegatron for availing incentives under the PLI scheme totalling around Rs 41,000 crore to be disbursed over five years. The scheme offers an incentive of 4% to 6% on incremental sale of handsets over a base year – financial year 2019-20.
Recruiters say that the companies have changed their methods of hiring for the handset sector in post-Covid times. Recruiters have also noted that along with manufacturing, there is also demand from the refurbished handset sector and exports. The need is to hire employees from Industrial Training Institutes and the blue collared workforce.
BREAKING NEWS
TECHNO TRENDS
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
ID-REDACT® ensures full compliance with the DPDP Act for Indi
Data Safeguard India Pvt Ltd, a wholly-owned subsidiary of Data Safeguard ...
E-Magazine
TECHNOTAINMENT
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
MOVERS & SHAKERS
SISL elevates Ankita Wadhawan as CEO—End User Computing
The IT service provider, SISL in a LinkedIn post announced the elevation
InfoVision appoints Radhika Venkatraman to its Advisory Board
Global digital services company, InfoVision has announced the appointment
OPEN YOUR EYES
INTERVIEWS
D-Link in pursuit of building a more connected, smarter and co
D-Link is committed to the ‘Make in India’ vision. Aligned with this, t
Fire-Boltt innovates and introduces newer categories to make i
One of the biggest strengths and focus area of Fire-Boltt is innovation. Wi
HOT PICK
Canon India Introduces 4K Remote PTZ Camera Controller & 4K In
Canon India, a leading company in digital imaging solutions, further solidi
Dell Technologies launches the new consumer and gaming portfol
Dell Technologies has unveiled its newest line of AI-enabled consumer PCs
MAKE IN INDIA BRANDS
TVS ELECTRONICS LTD.
ATRIE TECHNOLOGY PVT. LTD.
NETWEB TECHNOLOGIES INDIA LTD.
TAC SECURITY SOLUTIONS
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Harsh Jain
Harsh Jain is an Indian Entrepreneur, the co-founder and CEO of the In...
Technology Icons Of India 2023: Rajiv Srivastava
Rajiv Srivastava is the Managing Director of Redington Group. With 35 ...
Technology Icons Of India 2023: Natarajan Chandrasekaran
Natarajan Chandrasekaran is the Chairman of the Board of Tata Sons, th...
PARTNER SPEAKERS
PSU
BBNL empowering rural India digitally
BBNL provide high speed digital connectivity to Rural India at afforda...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
EESL encouraging e-mobility adoption across India
Energy Efficiency Services Limited (EESL) is a Super Energy Service Co...
VIDEOS
Top 25 Brands
Value-Added Distribution
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
