Recently opened IITs have been facing problems with placement. Most of the top companies have stopped hiring the students from new IITs.
Now new IITs students struggle to get placed and are facing a challenge of placing bigger batches at lower numbers.
The public sector undertakings (PSUs) like, IOC, BPCL, HPCL, ONGC, Power Grid Corporation of India are staying away from these IITs.
These IITs are hoping that they will get companies for placements in the month of January 2014. But, according to the sources, it may not happen.
"We haven't invited any PSUs and they haven't contacted us either. As of now, none of them are coming," says IIT Ropar training and placement officer Prabh Sharan Singh.
In 2012, PSUs had hired 24 to 25 students of IIT Ropar's 106 students.
"IOC, BPCL and HPCL, which came last year, are not coming this year," says Arti Kashyap, faculty advisor at IIT Mandi.
This time IIT Hyderabad and IIT Ropar haven't got single offer so far.
"Companies like Microsoft, HPCL and Flipkart, which came last year will not come this year, stating changes in hiring policy," says Gaurav Harit, acting placement chairperson, IIT Jodhpur.
"Conditions are moderate and we expect placements to be similar to 2013 but not surpassing it," says an IIT Hyderabad placement team member.
"Companies which hire mechanical and electrical engineering students are likely to be cutting down on numbers because of the downturn," says Prabh Sharan Singh of IIT Ropar.