PLI scheme: Wary of third wave, handset companies play it by ear on fresh hiring
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Synopsis
The PLI scheme for handsets was launched last October for five global companies, five domestic ones and six component makers with the aim to produce Rs 10.5 lakh crore worth of output and export 60% of it.
Agencies
Recruiters and handset makers remain cautious on hiring despite extension of productivity-linked incentive scheme timeline by a year to 2025-26 amid fears of a third wave of Covid-19 and as recruiting fully vaccinated employees becomes a challenge.
“We are cautiously optimistic that if there is no third wave and all adult population is vaccinated by December 2021, new hiring will start picking up in FY22 and we may create 20% more jobs in six years than what was targeted initially,” said Pankaj Mohindroo, chairman of industry body India Cellular Electronics Association.