Mumbai: The prestigious Indian Institute of Technology (IIT) Bombay has placed around 60% students in the first phase of the ongoing placement season. Despite the global economic crisis, the placement session has been a hit, which started on December 1 this year.
Various top notch companies were among the recruiters who hired students from B Tech, M Tech, dual degree, Master’s and PhD programmes. Of the total 1400 students, 800 have been hired, with the remaining likely to be placed in the second phase. The second session of the placement is scheduled to begin in January.
IIT-B is keen on attracting companies from the Far East, such as Taiwan, Japan, and Singapore in order to meet with their global presence. As per sources, the Institute is planning to bring in multinational companies in the next phase since most of the companies do not have any presence in the Indian market, but are recognized globally on a large scale.
Placement co-ordinator, IIT Bombay, Ravi Sinha, said that the Institute will hopefully see Hong Kong based firms in the second phase and make it as successful as the first session. He further informed that the Institute has approached a Hong Kong based company which has 60% global market presence.
Regardless of the prevailing global recession and tumultuous scenario in the industry, IIT-B saw 200 companies participating in the campus placements and is estimating another 150 such more corporate firms visiting the Institute in the coming months, Sinha added. The increase in the number of campus visits proves the faith and confidence big companies hold in the students of IIT, irrespective of the conditions of the market, he concluded.