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January 26, 2011 Category : Careers & Training
Infosys Technologies Ltd CEO Kris Gopalakrishnan has said the Information Technology sector in India is in another growth phase.
"In 2008, the industry saw growth coming down to single digits. Most IT companies stopped hiring employees and stopped expanding.
Fortunately, growth is back and most companies are hiring in large numbers again. The top five companies are estimated to hire 1,60,000 to 1,80,000 new employees in the next 12 months," he said.
Gopalakrishnan was delivering the keynote address on 'Sustainable Development Strategies for the Capital City (Thiruvananthapuram)'at a discussion organised by College of Architecture.
"The IT industry has grown fast over the last 15 years. For example, the industry had about 1.50 lakh employees in 1993, around five lakh employees in 1999 and today, the industry employs around 2 million employees," Kris said.
Multinational corporations are also looking to India to expand their markets and to create back office function and many of them are looking at Tier II and III cities to expand, he said.
Emphasising the significance of infrastructure development in growth of these cities, he said an effective mechanism is essential to implement various development strategies.
"Industry bodies, relevant NGOs, civic bodies must all have a role to play. For example, industry bodies will be able to mobilise participation by experts. Industry will be able to provide project and programme management expertise. Civic leaders will be able to mobilise public opinion.
Thus I believe there is a higher chance of the initiatives getting implemented," Kris said.
Source
The Economic Times
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Yes its right. but in what way they are satisfying the employee. In the year 2009 many recruitment has stopped no on campus has done. so Mnc's should see about that passoustudents. So, we hope for the best for 2009 students.
Hi its great to here That IT companys are recruiting a huge ppl.... But the statergy and criteria is disappointing ... although people who got decent 60 percent in Engineering(ug)... dono why the MNC are looking at 10th 12th percentage for eligibility???????????? what will happen to the graduates who have scored less percentage in 10th... do they mean those who got less than 60 percent in 10th and 12th got less talent??? y cant the give a chance????????/
Yes!!!They Should be given a chance......
becoz dese companies work on dere principles n values....dev wont compromise wid dere qualities...
This is a great news for all the unemployed budding IT engineers.Hope this estimation stays long...
this is a gr8 news...but than even after so much hiring many engineers remain unemployed