Notwithstanding the impact of the global economic slump on Indian industry,registrations at the District Employment Exchange hardly reflect the unstable market conditions.
However,there seems to be a silver lining in the dark clouds: companies are regularly visiting the city for recruitment. The employment exchange has not reported an upswing in the number of registrations,which means the educated youth are not as badly affected as the daily wage labourers. While the chemical,trading and diamond industries are on an all time low,the engineering and pharmaceutical industries are witnessing a boom. While these companies are showing interest in recruiting people,it is becoming difficult for the daily wage labourers in other industries to look for engagements once their factory shuts shop.
Vijay Wargia,the District Employment Officer,said,We have been regularly conducting at least two employment rallies every month. While over 150 recruitments for the Emergency Management and Research Institute (EMRI) were completed last week,400 recruitments were done in December. Team Lease Services from Hyderabad,Aviva Insurance and the Life Insurance Company (LIC) have been recruiting in the last two months while we have scheduled recruitment for Vodafone in the last week of February. In fact,every month,we are holding at least two major recruitment drives.
Recruiters like Reliance Communications and EMRI,which are continuing their recruitment drive,have seen a ray of hope. There was an upswing in registration two to three months ago,immediately after the Nano project was announced. After that,the registrations have been an average 80-100 per day,which it used to be prior to the market downturn, said Wargia.