In the wake of the economic slowdown,the governments premier research institute,the Defence Research and Development Organisation DRDO is walking away with students from premier engineering institutes like the IITs and NITs.
The DRDO offered campus placements in all but two IITs for the current year and came away with an unprecedented catch of a total of 20 students,DRDO officials said at the sidelines of a briefing on a students engineering project competition to be held at Kolar,60 km from Bangalore.
DRDO used to get only up to five students from the IITs every year.
The current economic environment coupled with improved pay packages and the prospects of exciting work,has led students,who had earlier ventured abroad or into the IT sector,to show more interest in DRDO,the organisations Chief Controller for Research and Development Services Interaction Dr Prahlada said
The DRDO hires nearly 600 fresh graduates every year and is hoping to evoke similar interest in the NITs when campus recruitments open in August,officials said. The changed economic scenario has also seen a better retention rate at DRDO. The attrition used to be around 17 to 18 per cent per annum,it has reduced to almost zero with only retirements seeing employee outflow, Dr Prahlada said.