Latest Update for IT Students-IT Hardware has Chances to Generate 4-Lakhs Jobs

Sector of IT hardware has chances to generate plenty of job vacancies during the next 5 years provided Indian Government bring changes in its Tax Duty Structure related to manufacturing of PCs, desktops, notebooks and other products during its new Union Financial Budget.

As per the predictions made by Manufacturers Association for Information Technology, IT industry will be able to generate about 4-lakhs of jobs for individuals interested in manufacturing of hardware devices. Based on this, majority of young boys and girls studying B.E. with Information Technology in Shri Ram Group would be able to find lucrative jobs in the competitive and frequently growing sector.

Moreover, by conducting detailed study about the report obtained from Manufacturers Association for Information Technology including E.T. Anwar Shirpurwala, India will generate both direct and indirect job opportunities in the hardware industry, where 1lakh of jobs would be obtained directly from IT sector and 3lakhs as indirect employment from equipment manufacturing area.

Primarily, MAIT researchers suggested for necessary amendments in taxation policy for Union Budget of 2016-2017 and thereby, predicted increase in production of hardware devices to maximum 260-crore dollars.

Other than this, MAIT Group has given its stress on favourable market condition, as it would make India a manufacturing supply and an electronic system design hub across the world. Therefore, Manufacturers Association for Information Technology wanted for 2% reduction in Excise Duty for notebook and desktop PCs in upcoming 2016-2017 Financial Budget.