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E-recruitment activities in India declined by 8% in September as companies focused on upskilling their existing employees instead of hiring new talent, according to a report by Foundit Insights Tracker. Despite the temporary hiring hiatus, India's economic prospects remain strong with rising wages and disposable incomes driving demand in sectors such as private health insurance, retail, and consumer durables.

This follows a decision taken by the government that there won’t be any licensing or quota for companies to import products, at least till September next year. Representatives from the IT hardware industry along with officials from the ministry of electronics and IT (Meity) attended a meeting with DGFT on September 25 to discuss the registration process.

As per officials aware of the details, companies need to provide value and volume details around import/export of hardware along with domestic manufacturing for the past three years. The firms also need to disclose the country of origin for imports. "The format for registration has been shared and companies can revert if some things need to be fine-tuned. It's a simple form, which can be filled in a few minutes," an official told ET.

Around 30 out of 40 companies are expected to qualify for India's Rs 17,000-crore production linked incentive (PLI) scheme for IT hardware. The scheme aims to encourage the production of personal computers, laptops, tablets, servers, and other equipment. Major companies such as Dell and HP are participating directly, while others are joining through electronic manufacturing service companies.

The selected companies will get incentives well within the fund allocated for the scheme, the report said