Posted : Thursday, June 11, 2009
Kochi: After delaying campus recruitments this year, bellwether IT company Infosys is likely to visit colleges for fresh hiring in January next year.
"Most probably we will be going to campuses in January after we assess the situation. Since there is a slowdown and if the situation improves, we will be going to campuses," Infosys CEO and Managing Director S Gopalakrishnan told reporters on the sidelines of a CII conference here.
About 18,000 candidates, selected from various campuses across the country last year, will soon join the company, he said.
Normally, the IT industry goes for campus recruitments a year in advance and this year due to slowdown, this process has been delayed, Gopalakrishnan, who is also CII Southern Region Deputy Chairman, said.
"There are signs of recovery in India, which is still a fast growing economy, while unemployment rates in the US are still going up. We believe by 2010 we will see the benefits. All factors point that the worst is behind us. If the trend continues, and with government stimulus package, recovery will start," he said.
On the decision of the US Government to restrict outsourcing, he said it was a cause for concern. The industry is trying to monitor the situation and work with the Government and industry associations like the CII and NASSCOM, he said.
Asked if the IT industry would focus on other markets, he said, "Our best markets will continue to be the US and Europe