‘Electronics mfg: 100K jobs within 12 months’

Indian electronics manufacturing services are set to boost job creation, with an estimated demand for 100,000 individuals within the next six months to a year, according to a report by TeamLease.

This surge will be fuelled by the dynamic growth in sectors such as mobile phone manufacturing, semiconductor packaging, and telecom equipment production.

“In the next three years, about 500,000 people will be required, and the projection is that there will be a requirement of about one million people in five years,” said Subburathinam P., chief strategy officer, TeamLease Services.

The jobs will span entrylevel positions, comprising both skilled and semi-skilled talent across companies, and will extend to mid- and seniormanagement roles, he added.

The biggest contributing factor will be both ongoing and planned expansions in manufacturing under the production-linked incentive (PLI) scheme, with companies having existing facilities, and units approved under PLI will either establish new plants or expand production capacities.

“Some companies are doubling production, and about a dozen new companies will be setting up plants. Three will go live within this quarter. The estimated workforce numbers required within 6-12 months is about 100,000.” The government-backed PLI scheme started with mobile phone manufacturing in 2020, and was subsequently extended to cover 14 sectors, including electronics, white goods, steel, auto and pharmaceuticals, with a total outlay of ₹1.79 trillion. The scheme is aimed at enhancing local manufacturing capabilities as well as exports.