IT hardware sector can generate 4 lakh jobs over 5 years: MAIT

IT hardware sector can generate 4 lakh jobs over 5 years

Recent study by the industry body MAIT mentioned that IT hardware sector can generate four lakh jobs over five years. This initiative is possible if the government restructures the tax duty in the Budget to encourage manufacturing of products. Measures of the Union Budget 2016-17 can potentially generate 4,00,000 jobs in the Indian IT manufacturing sector if estimated demand for 30 million PCs per annum is fulfilled entirely through domestic production over the next five years,” said MAIT executive director. MAIT estimated that total jobs will include 1 lakh direct employment and 3 lakh jobs in component manufacturing over the next five years.

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