A drop in the hiring rate at the Birla Institute of Technology this year has prompted the tech cradle to organise a five-day placement fair involving more than 100 companies.
BIT-Patna placement in-charge Raj Kumar said: “The fair will be held from February 3 to 7. More than 100 firms are likely to take part. The focus would be on providing jobs to students in reputable companies through on-the-spot written test and interview.”
He added that firms like Tech Mahindra Limited, ACC Cement, Kalyanpur Cements Ltd, Lafarge India Private Ltd, Reliance Industries Ltd and others would take part.
A final-year mechanical student said: “The decision to hold the placement week will be beneficial for students, as many companies would visit the institute.”
The decision to organise the meet was taken owing to poor placement scene at the institute this year.
According to sources, at present, the placement figure of the institute is around 45 per cent compared to 70 per cent last year. Sources added that many firms had visited the institute but the placement figures were dismal.
Maruti Suzuki India Limited has hired two students, while Magneti Marelli S.p.A, an Italian company that manufactures systems, modules and high-technology components for the automotive industry, has hired one.
One of the students has been offered a job by Shapoorji Pallonji & Co Ltd. Many IT companies, too, have visited the institute and recruited students. Cybage Software has hired nine students, while analytics services provider Mu Sigma Inc. has given jobs to 10 students.
Verizon Communications, which had picked up 10 students last year, has offered jobs to 11 this time. Sixteen students have been placed at Wipro Technologies.
A student said: “We have come to know that the placement cell has approached many companies but the firms have said the market condition is not good.”
However, the placement officer said: “Many companies have said they don’t have any requirements at present. We are worried but we haven’t lost hope. The placement scene will definitely improve in the coming months.”