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IT services companies already have billions of dollars at stake, earmarked to be invested in strengthening their AI capabilities and training workforces over the next couple of years.
The country is offering cash-backs to manufacturers on sales of locally made goods that exceed an annual target. The scheme is key to Indias ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026.
Employees who fall below the manager category and above entry levels will be eligible for this range of payout
Persistent Systems, L&T Technology Services, Cyient, KPIT Technologies, and Tata Elxsi will benefit from this trend, driven by large deal wins, continued investment from customers for digital engineering services for their end products, and inorganic growth through M&As.
The Nascent Information Technology Employees Senate (NITES), an IT sector employee rights organisation, has reportedly filed a complaint with the labo.