The Hindu Business Line : IIT, IIM pass outs turn towards PSUs

NEW DELHI: Global financial meltdown has restored the glamour of the public sector undertakings (PSUs) which have emerged as preferred job destination for students passing out from country's elite institutes like the IITs and IIMs.

“Now, there is a glamour for PSUs which has led to better response from institutes (like IITs and IIMs) who will otherwise not look at us,'' Standing Conference of Public Enterprises (SCOPE) Chairman, Mr Sarthak Behuria told PTI.

Another blue chip company Bharat Heavy Electricals Ltd (BHEL), after a gap of almost a decade, has been invited for campus placement by the Indian Institutes of Management (IIMs), said Mr B Shankar, General Manager (Human Resource) of the state-owned com pany. The company has already picked up 400 engineers from different IITs through campus placement, he said.

The revised pay structure has made PSU jobs more attractive at a time when the private sector, reeling under the heat of the global financial meltdown, is cutting salaries and reducing jobs. The new pay structure, which has proposed 50 to 60 per cen t increase in salaries of PSU employees, has made the PSUs jobs attractive, he said. - PTI

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