28th August, 2024: 62% of telecommunications, ISP & Allied industry respondents are planning to increase their workforce for H1 FY25 and 57% of employers in Delhi as well as 53% in Bengaluru and Chennai, to expand their workforce in existing job locations, finds TeamLease Services in its Employment Outlook Report for H1 FY25.
Teamlease Services indicates a moderate net employment growth of 5.62%. In the Union Budget 2024, the government took a crucial initiative to nurture further the country’s telecom, ISP & allied industry. The Basic Customs Duty (BCD) on printed circuit board assembly (PCBA) of specific telecom equipment was increased from 10% to 15% to incentivize domestic manufacturing. Also, to enhance ‘Ease of Doing Business’, the Government is working on the Jan Vishwas Bill 2.0. These moves will pave the way for new business models and job opportunities in the telecom sector.
Also read: Maunesh Bhatt joins Dash Technologies Inc. as Director of Global HR and Operations
Regarding workforce size dynamics, Teamlease Services’ report indicates that 62% of telecom, ISP & allied industry respondents are planning to increase their workforce, while 17% foresee a reduction. The remaining 21% expect no change in their workforce size for H1 FY25. This trend is particularly pronounced in certain cities, with Delhi leading at 57% for employers expanding their workforce in existing job locations, followed closely by Bengaluru and Chennai at 53% each. Hyderabad and Bhopal top the hiring list for new job locations with 20% each, followed by Bengaluru, Vadodara, and Jaipur at 19% each.
Mr. Subburathinam P, CSO-Staffing, TeamLease Services, said, “As the backbone of the digital economy, the Indian telecom, ISP & allied industry is driving innovation, connectivity, and job creation across the country. Our recent Employment Outlook Report underlines this positive trajectory, highlighting how the sector’s expansion opens doors for specialized roles, particularly in ICT, AI, and engineering. Hiring in the sector is likely to increase, as 62% of respondents plan to expand their workforce, driven by the growing momentum in broadband expansion, exponential IoT implementation, and advancements in AI, robotics, and cloud computing”.
Stay connected with us on social media platforms for instant updates click here to join our LinkedIn, Twitter & Facebook
