Return of the Manufacturing Sector
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-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
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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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