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Officials say because of the meltdown, companies are trying to curtail their expenses in whatever manner they can. Professor Lalit Bansal, Director CIIPP said: “Companies would approach us for various projects but because of recession, they are hardly holding any workshops. We do not see many projects coming our way in near future. Only when the effect of the meltdown eases, we might get more projects.”
Placements at the university, meanwhile, too are going at a snails pace. While various departments recorded 100 per cent placement till last year, many students this year are waiting to find a job. At the University Business School, placements are through only for around 50 per cent students and at the University Institute for Engineering and Technology, only about 70 per cent students have been placed. This is in stark comparison with the previous years where most students would have two jobs in hands at one time. Porf Bansal added: “Recession has affected almost everything from placements to consultancies projects. Things will, however, improve.”
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