Will tight mar­ket con­di­tions im­pact NIFT place­ments?

Apparel Online - - India & Beyond -

Na­tional In­sti­tute of Fash­ion Tech­nol­ogy (NIFT), In­dia’s pre­mium in­sti­tute for fash­ion and gar­ment tech­nol­ogy is or­ga­niz­ing its ‘cam­pus place­ment week’ at its 7 cen­tres from 23rd April to 5th May. Tak­ing into con­sid­er­a­tion the cur­rent mar­ket con­di­tions, es­pe­cially in ap­parel ex­ports which are on a de­clin­ing trend, many be­lieve that it may have neg­a­tive im­pact on NIFT’s place­ment also. This year, out of 2,750 pass-out stu­dents, nearly 2,500 opted to go for place­ment while rest 250 stu­dents are go­ing for other op­tions like higher stud­ies, start-ups or are al­ready se­lected in pre­place­ment. “Yes, over­all busi­ness sit­u­a­tion is tight and com­pa­nies are not very en­thu­si­as­tic to in­vest in fresh tal­ent, but it is too early to say that this will have an im­pact on place­ments. We have in­vited nearly 2,400 com­pa­nies in­clud­ing ap­parel ex­porters, do­mes­tic brands, re­tail­ers, in­te­rior de­sign­ers, etc. This year, a com­pany like Zo­mato (restaurant search and dis­cov­ery ser­vice) is also par­tic­i­pat­ing in place­ment,” in­formed Amit Ku­mar An­ja­nee, Unit In­charge - In­dus­try & Alumni Af­fairs, NIFT, Chen­nai.

Some in­dus­try watch­ers and HR Man­agers of the ap­parel in­dus­try feel that this dif­fi­cult sce­nario may not only see less hir­ing but will also have a neg­a­tive im­pact on the salary pack­ages. “Over­all in the in­dus­try, it is be­com­ing dif­fi­cult to re­tain ex­ist­ing tal­ent, so it will ob­vi­ously have an im­pact on new hir­ing. I feel that the pack­ages could be re­duced by nearly 20 to 25 per cent for fresh tal­ent,” shared R. Gaur, VP – HR, Rad­nik Ex­ports, Delhi. Rad­nik Ex­ports is among the re­spected ap­parel ex­port house of Delhi-NCR that par­tic­i­pates en­thu­si­as­ti­cally dur­ing the place­ment process. Ac­cord­ing to a re­port of the Min­istry of Tex­tiles, the av­er­age an­nual salary dur­ing cam­pus place­ment 2017 for the stu­dents from Master’s pro­gramme was

Rs. 4.62 lakh per an­num whereas for the Bach­e­lor’s pro­gramme, the same was Rs. 3.87 lakh per an­num. Among the 10 var­i­ous pro­grammes, place­ment per­cent­age var­ied from 25 per cent to 83 per cent.

In 2017, apart from top com­pa­nies from the tex­tile in­dus­try, com­pa­nies like Dor­ling Kin­der­s­ley (pub­lish­ing) also par­tic­i­pated in the place­ment process.

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