Infy may have campus recruitments in Jan '10

After delaying campus recruitments this year, IT bellwether Infosys is likely to visit colleges for fresh hiring in January next year.

“Most probably, we will be going to campuses in January after we assess the situation. Since there is a slowdown ... and if the situation improves, we will be going to campuses,” Infosys CEO and Managing Director S Gopalakrishnan told reporters on the sidelines of a CII conference here.

About 18,000 candidates, selected from various campuses across the country last year, would soon join the company, he added.

Normally, the IT industry goes for campus recruitments a year in advance and this year, due to the slowdown, this process has been delayed, Gopalakrishnan, who is also the deputy chairman of CII’s Southern Region, said.

“There are signs of a recovery in India, which is still a fast-growing economy, while unemployment rates in the US are still going up. We believe that, by 2010, we will see benefits. All factors point (to the fact) that the worst is behind us. If the trend continues, and with government stimulus packages, recovery will start,” he said.

On the decision of the US government to restrict outsourcing, he said it was a cause for concern. The industry was trying to monitor the situation and work with the government and industry associations, such as CII and Nasscom, he said.

When asked if the IT industry would focus on other markets, he said: “Our best markets will continue to be the US and Europe.”