In a groundbreaking development, India is set to become the world’s second-largest mobile handset manufacturer, paving the way for 60,000 direct jobs in the coming 6-12 months. This significant boost in the economy is linked to the growth of several smartphone manufacturing companies, including industry giants like Apple’s contract manufacturers Foxconn, Wistron, and Pegatron.
According to data cited by The Economic Times from the staffing firm Teamlease, there are more than 5,000 job vacancies in mobile manufacturing alone, with many more in the pipeline. Additionally, another staffing company, Ciel HR Services, confirms nearly 2,000 open positions, and this number is set to grow.
But that’s not all. Beyond these direct job creations, there’s an anticipated rise of 80,000 to 100,000 jobs within the next 12-24 months. Leading mobile brands and their suppliers are looking to establish manufacturing units in India, thereby increasing their hiring significantly.
The expansion of smartphone manufacturing in India is likely to be spearheaded by prominent companies like Dixon Technologies and Tata Electronics as well. As Kartik Narayan of Teamlease remarked, “We are expecting 40,000-60,000 direct jobs in phone manufacturing pan India by March 2024.”
Currently, India hosts over 200 mobile manufacturing units, ranking as the second-largest mobile manufacturer in volume. This success is driving an enormous demand for manpower across the country.
Regions like Tamil Nadu, Delhi-National Capital Region, and Karnataka are anticipated to be the primary beneficiaries of these job opportunities. Moreover, with governmental initiatives aiming to make India a manufacturing hub, the country is on track to produce about 270-300 million smartphone units this year.
A key factor in this growth is the global shift in manufacturing facilities beyond China, which gives momentum to the idea of positioning India as a central hub for electronic products.
One of the driving forces behind this surge is the Production-Linked Incentive (PLI) Scheme, announced on April 1, 2020. The PLI Scheme encourages domestic manufacturing by offering incentives to attract substantial investments in mobile phone manufacturing and specified electronic components.
Global manufacturers like Samsung, Foxconn, Wistron, and Pegatron have been drawn to this scheme, with Foxconn, Wistron, and Pegatron serving as contract manufacturers for Apple smartphones.
In conclusion, the smartphone manufacturing industry’s booming growth in India is a testament to the country’s emerging prowess in global manufacturing. As opportunities continue to flourish, India stands to gain immensely in both economic stature and global relevance.
This news is based on an article from business-standard.com.