Handset Makers To Step Up Hiring To Cash In On Tax Sops

Handset makers are expected to hire about 50,000 contract and entry-level employees in a year, with recruiters being sounded out by companies looking to take advantage of the recent tax sops, industry and HR experts said. Within a few days of the government slashing the base corporate tax on new manufacturing to 15%, handset makers, including contract manufacturers, are finalising plans to expand operations, not just for local sales but for more exports.

Additionally, recruitment is being planned for the refurbished phones segment as well. The hiring is planned to start from the January-March quarter and would be a big boost to the sector that had shed 15% of its staff over the last two years.

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“There are roughly 3.5 lakh people working in mobile phones and accessories manufacturing sector.

Source: Economic Times

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