PLI scheme to boost hiring in different sectors: Report

The production-linked incentive schemes introduced across sectors have boosted hiring in India, according to a report by staffing firm TeamLease. In the next couple of years, 60% of Indian Inc. planning hiring more staff. In the large-scale electronics manufacturing industry, employers hiring blue-collar workers and temporary staffing will see up to 10% incremental growth.

In other sectors like the pharmaceutical industry, white goods industry, and textile industry, over 60% of employers showed positive hiring sentiment, the report said. 

From an organisation size perspective, 70% of small and medium-sized organisations intend to hire more; this trend is more pronounced in cities and towns like Indore (86%), Chennai (73%), and Pune and Gurgaon (65% each). Among surveyed large organisations, 22% are also planning to increase hiring. 

“For the MSME sector, which contributed to about 30% of our GDP, the PLI scheme is a positive foot forward as it will boost investment in MSMEs, especially in Textile Products, Specialty Steel, and Automobile and Auto Components industries”, said Sumit Sarabhai, business head - Emerging Vertical, TeamLease Services.

For the TeamLease PLI Outlook Report, the company surveyed 344 mid- to senior-level general and talent acquisition managers across 14 cities and eight industries in India. The report is based on employers’ reactions to job creation based on the incentives mentioned by the government in PLI and the projection towards hiring in the next two years.

The report further stated that the PLI scheme will also become instrumental in the diversification of the workforce. As per the report, while cities like Gurgaon, Indore, Kolkata, Delhi, and Nagpur would still prefer hiring male candidates, cities like Chandigarh and Chennai are more inclined towards hiring female employees across sectors like textiles, pharmaceuticals, and large-scale electronics manufacturing. The pharmaceutical industry in particular is also looking to hire from the LGBTQ community.