Thursday, April 20, 2006

Return of the Manufacturing Sector

-This February, Tata Motors advertised for about 50 vacancies.The response hit Tata Motors like a tsunami. Over 50,000 people responded to the advertisements!

-In the Indian Institute of Technology (IIT), Bombay, 91 per cent of MTech students have chosen manufacturing jobs.Even 73 per cent of mechanical engineering students have opted for hard-core engineering jobs,

-Some colleges like VES Institute of Technology, Mumbai, and PSG College of Technology, one of Coimbatore’s premier institutions, have already given day one placement honours to manufacturing companies.

-In Punjab Engineering College, 60 per cent of mechanical engineering students have taken to manufacturing-intensive jobs.

-Almost 550 of the 1,100 students of PSG College have taken to core engineering jobs

-The average age of the employee who heads units(responsible for cost, quality, shop maintenance, etc., with deliverables in each) at Tata Motors is between 27 and 30 years.

-The success of products like the Indica and Scorpio has helped attract talent. Manufacturing companies are spending more on R&D than ever beforeThere is a lot of innovation and a shift of emphasis to research and development (R&D). There are new kinds of jobs being created in the sector

-The salary structure is on par with the IT sector

Thousands of young engineers are now excited about careers in manufacturing. They could give Indian manufacturing the next big push..Are these signs of a resurgence of engineering and manufacturing careers?
Read the cover story in this week's Business World India


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