Kochi, March 2 IT major Infosys has said that all the 18,000 students selected by the company through campus recruitment from various engineering colleges in the country in 2009-10 will join the company in July this year.
Speaking to media persons after delivering a lecture at Rajagiri School of Engineering and Technology here on Monday, Mr S. Gopalakrishnan, CEO and Managing Director of Infosys, said the company had honoured all the offers made by it last year. Currently, the company has slowed down on recruitments. However, it is still recruiting, but only in case of absolute necessity, he said.
Mr Gopalakrishnan, however, said that the present 16-week training would be extended by another six to eight weeks on one more technological stream.
Asked about recession and lay-offs in IT companies, he said Infosys had also been affected by the recession, as the growth had slowed. The situation would become worse, if the recession lasted for a longer period. He, however, hoped the situation would improve by mid 2010 and in the worst case, by 2014.
Quoting the National Association of Software and Services Companies’ figures, he pointed out that the growth rate of IT industry was expected to drop by10 to 15 per cent in 2008-09 compared to the 30 per cent last year.
Referring to company’s future plans in the State, he said that the first phase of the Infosys campus coming up in Technopark, Thiruvananthapuram at an investment of Rs 100 crore would be completed by May this year. It will have a capacity to accommodate 4,000 people.
Infosys was also focusing on India, West Asia, Latin and South Americas, Japan and Europe, he added.
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