Backed By Govt's PLI Scheme, 1,50,000 New Jobs In Phone Manufacturing Expected This Fiscal: Report
Recruitment firms said that about 30,000–40,000 of the estimated 1,20,000–1,50,000 new employment in this sector that will be created this fiscal year are likely to be direct positions
As the government pushes for more tech and manufacturing companies to come to India, up to 1,50,000 new jobs in mobile manufacturing are expected to be created in the country in this fiscal year, according to a report by the Economic Times. The report cited recruitment firm officials saying that top handset manufacturers are planning large-scale hiring in India.
It is driven by the global shift to manufacture beyond China and the Indian government’s production-linked incentives (PLI) scheme, the report added.
Staffing companies including TeamLease, Randstad, Quess, and Ciel HR Services said that about 30,000–40,000 of the estimated 120,000–150,000 new employment in this sector that will be created this fiscal year are likely to be direct positions, with the remaining indirect positions primarily in the manufacturing sector.
The report said that big corporate giants like Samsung, Nokiam Foxconn, Wistron, Pegatron, Tata Group, and Salcomp will likely increase their workforce in the country.
Kartik Narayan, CEO of staffing at TeamLease Services told the ET, “Most mobile brands and their component manufacturing and assembly partners who already have or are looking to set up some form of manufacturing in India are ramping up hiring,”
He said TeamLease currently has more than 2,000 mandates in this space with more in the pipeline.
Quess and Ciel HR officials according to the report said they have seen a 100 per cent increase in mandates this fiscal compared to FY23.
“Mobile manufacturers in India have restarted hiring in anticipation of demand boost. The supply chain issue of chip shortage doesn’t seem to bother them now. We have seen the demand for technicians, supervisors and quality assurance profiles nearly double vis-à-vis the average demand seen in the last two quarters,” said Aditya Narayan Mishra, CEO of Ciel HR Services.
Narayan of TeamLease said the government’s PLI scheme and the long-term vision of many companies to move production to India to first tap the local market and then leverage the base here to grow production to support sizable exports to the rest of the world are giving a big push to jobs in the sector.
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