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| Institutes with corporate backing place students in-house |
| Chitra Unnithan / Ahmedabad Dec 23, 2008, 00:19 IST |
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With recession gradually eating into the placements of educational institutes, most corporate-backed institutes are finding a safe haven in their own companies.
Neesa Leisure Ltd, the promoter of Cambay Institute of Hospitality Management and Orient Spa Academy, is offering professional training to students besides placing them in various organisations. The slowdown, however, does not have the group scurrying for cover most of the students are likely to be absorbed in its own group.
Arvind Gupta, managing director, NLL, said: “Usually, we absorb around 25-30 per cent of the students annually. But due to the ongoing slowdown, we expect to absorb a decent batch of students.”
Instead of a tie-up with other organisations, private educational institutes are absorbing students in their own organisations. Indian Institute of Planning and Management invites companies to the campus, but also offers placements at its sister concern, Planman Consulting.
Corporate backing is helping these institutes provide jobs to the students, which otherwise could be difficult in the current environment.
Another firm which is absorbing students in-house is Silversmith. The company runs the Jewellery Design and Technology Institute.
BK Narula, managing director, Silver Smith India Ltd, says: “Absorbing students from the group’s institute is a win-win situation for both the student and the group, especially during times of recession. The students are placed well and the company gets freshers who are better designers with new ideas, creative concepts and design capabilities. At least 5-10 out of 100 students get placed with the group every year.”
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