Budget 2024: Jobs sops unlikely to help electronics manufacturers, smartphone assemblers unless they hire on their own

For job creation in the manufacturing sector, the budget proposes incentives to both employees and employers in the first four years. But the budget announcement comes with the rider that the employee must be directly working in the entity paying salary. In other words, the companies in the manufacturing sector can claim benefits only for the employees on their rolls (in-sourced) employees, experts said.