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The <keyword id="55119" type="General" weightage="20" keywordseo="Indian-Institute-of-Technology" source="Orion">Indian Institute of Technology</keyword>, Madras (IIT-M) will receive ₹242 crore as research grant for research and development of <keyword id="8933855" type="General" weightage="20" keywordseo="lab-grown-diamonds" source="Orion">lab grown diamonds</keyword> (LGDs), the institute said on Thursday. The research will be focused on driving indigenisation of the LGD manufacturing process. Presenting the Budget 2023-24 in the Parliament on Wednesday, Finance Minister Nirmala Sitharaman, said: "The LGD is a technology and innovation-driven emerging sector with high employment potential." "These environment-friendly diamonds have optically and chemically the same properties as natural diamonds. To encourage indigenous production of LGD seeds and machines and to reduce import dependency, a research and development grant will be provided to one of the IITs for five years," the Finance Minister added. As per a recommendation made by the Department of Commerce, the research grant of Rs 242 crore over a period of five years to IIT-M has been approved, the statement said. "This is indeed the right time to set up a diamond factory in India, given that diamonds have thermal and electrical properties making them superior to contemporary technologies like silicon, silicon carbide and gallium nitride. IIT-Madras will work towards producing diamond wafers suitable for electronic applications," Prof. V. Kamakoti, Director of IIT-M, said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/budget-to-aid-flagging-affordable-home-segment-boosts-demand-with-infra-push/articleshow/97556770.cms">Budget to aid flagging affordable home segment, boosts demand with infra push</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/credit-cards-personal-loans-more-indias-youngest-adults-lead-in-credit-inquiries/articleshow/97553940.cms">Credit cards, personal loans &amp; more – India’s youngest adults lead in credit inquiries</a>

IIT Madras to get ₹242 crore for R&D on lab grown diamonds

<ul><li>The global market for lab grown diamonds (<keyword id="10733616" type="General" weightage="80" keywordseo="lgd" source="Orion">LGD</keyword>) that the Indian government has decided to focus on is expected to rise to $5 billion by 2025.</li><li>Besides, the jewellery industry, LGD are used in computer chips, satellites and 5G networks.</li><li>The LGD has vast application in the field of defence, optics, jewellery, thermal and medical industry.</li></ul>Chennai, The global market for lab grown diamonds (LGD) that the Indian government has decided to focus on is expected to rise to $5 billion by 2025 and exceed $15 billion by 2023 from the $1 billion in 2020. Besides, the jewellery industry, LGD are used in computer chips, satellites and 5G networks as they can be used in extreme environments due to their potential to operate at higher speeds while using less power than silicon-based chips. The LGD has vast application in the field of defence, optics, jewellery, thermal and medical industry. As the government figures, exports of cut and polished (worked) LGD from India has been growing at fast clip. During FY21 the exports were $637.97 million and shot up to $1,348.24 million in FY22. This fiscal -- FY23 -- the exports of LGD between April-December stood at $1,387.33 million. Presenting the Budget 2023-24 in the Parliament recently, Indian Finance Minister <keyword id="129243" type="General" weightage="50" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword>, said: "The LGD is a technology and innovation-driven emerging sector with high employment potential." "These environment-friendly diamonds have optically and chemically the same properties as natural diamonds. To encourage indigenous production of LGD seeds and machines and to reduce import dependency, a research and development grant will be provided to one of the IITs for five years," she added. As per a recommendation made by the <keyword id="113018" type="General" weightage="50" keywordseo="department-of-commerce" source="Orion">Department of Commerce</keyword>, the research grant of Rs 242 crore over a period of five years to <keyword id="55119" type="General" weightage="50" keywordseo="indian-institute-of-technology" source="Orion">Indian Institute of Technology</keyword>, Madras (IIT-M) has been approved. It is proposed to establish an India Centre for lab grown diamond (InCent-LGD) at IIT-M with the estimated cost of Rs 242.96 crore over five years. The aim of this project is to provide, in mission mode, technical assistance to the industries, and entrepreneurs in the country, in promoting indigenous manufacturing of both chemical vapour deposition (CVD) and high pressure and high temperature (HPHT) systems along with the recipes for expanding the LGD business at the upstream end. Research efforts would make the technology available for start-ups at affordable cost, increase employment opportunities, increase exports of LGD, thus play a significant role in fuelling India's economic growth. According to the Indian government, the gems and jewellery sector plays a significant role in the Indian economy, contributing around nine per cent to India's total merchandise export. Over the past decade, there has been several positive developments in the gem and jewellery sector globally. One of the major technological developments in this sector has been the LGD. Though, India is one of the leading producers of LGD using CVD technology it has to depend on other countries for the supply of critical machinery components and 'seeds' -- which are the raw material for producing synthetic diamonds. It is, therefore, imperative that India develops its own, indigenous technology for producing the critical machinery component seeds to remove the import dependence that we have in the case of natural diamonds, the government said. Good quality LGD with qualified certification, produced from the developed equipment and process parameters will attract many foreign customers increasing the export volume of LGD and scalability of production. The documented process parameters and the developed recipe will encourage new entrepreneurs to enter the LGD business making it easier and cost-effective to set up the facility, start the business and generate employment. "This is indeed the right time to set up a diamond factory in India, given that diamonds have thermal and electrical properties making them superior to contemporary technologies like silicon, <keyword id="1437475" type="General" weightage="50" keywordseo="silicon-carbide" source="Orion">silicon carbide</keyword> and gallium nitride. IIT-Madras will work towards producing diamond wafers suitable for electronic applications," V. Kamakoti, Director of IIT-M, had said. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/google-chrome-rolls-out-memory-and-energy-saver-modes-heres-how-you-can-use-it/articleshow/98118135.cms">Google Chrome rolls out Memory and Energy Saver modes: Here’s how you can use it</a> <a href="https://www.businessinsider.in/tech/news/oneplus-11-concept-video-reveals-a-large-camera-and-a-rear-panel-that-lights-up/articleshow/98112845.cms">OnePlus 11 Concept video reveals a large camera and a rear panel that lights up</a>

Not just jewellery, lab grown diamonds used in satellites, computer chips too

<ul><li><keyword id="6356755" type="General" weightage="20" keywordseo="IIT-Madras" source="Orion">IIT Madras</keyword> clocked in 100% placements, <keyword id="901000" type="General" weightage="80" keywordseo="iit-jodhpur" source="Orion">IIT Jodhpur</keyword> says that they have successfully placed 97% of BTech, 75% of our MTech and 100% of their MBA students.</li><li>The top recruiters at <keyword id="6354859" type="General" weightage="100" keywordseo="iit" source="Orion">IIT</keyword> Madras were Amazon, CISCO, Deloitte, ICICI and McKinsey.</li><li>At IIT Jodhpur, companies such as Google, Mahindra &amp; Mahindra, Samsung, L&amp;T, ArcelorMittal, Nippon Steel, and ICICI Bank recruited students across specializations.</li></ul>Tech majors, auto companies, consulting firms and even metal sector companies made a beeline for fresh graduates from IIT Madras and IIT Jodhpur. Their average salaries and best offers swelled too exponentially this year. At IIT Madras, the average salary offered rose 30% to ₹16 lakhs per annum. IIT Jodhpur did not reveal the average salary. It said that the best offer received rose by a whopping 90%, without mentioning the actual salary. Around 16% of the students in Madras got pre-placement offers from companies in which they were working as interns. MTech placements soared by around 158% compared with the preceding year in Jodhpur. While IIT Madras clocked in 100% placements, IIT Jodhpur says that they have successfully placed 97% of BTech, 75% of our MTech and 100% of their MBA students. At IIT Madras, maximum job opportunities were available in the consulting and analytics space. Whereas in Jodhpur, computer science and engineering (CSE) and artificial intelligence (AI) branches saw the maximum placements this year. “The curriculum at IIT Jodhpur and the students' performance are a testament to our grit and gumption during perhaps one of the testing times. The MTech placements have been very promising, with a myriad of industry recruiting from IIT Jodhpur across roles. We hope to record even more promising placements next year,” Anuj Pal Kapoor, faculty in charge,career development cell, IIT Jodhpur. <cmsannotation type="cmsannotation" annotationid="Amazon, Deloitte, Nippon Steel, ICICI and more" comment="subhead" text="Amazon, Deloitte, Nippon Steel, ICICI and more">Amazon, Deloitte, Nippon Steel, ICICI and more</cmsannotation> The top recruiters at IIT Madras were Amazon, CISCO, Deloitte, ICICI and McKinsey. The placements started December 2021 through virtual mode, and 26 companies attended the recruitment drive. Of this, 14 companies were first-time recruiters. “The final placement process was conducted from December 2021 onwards and witnessed over 25 companies recruiting for a wide variety of profiles from the campus. The recruiters were overwhelmed with the quality of the programme and the skill set of the participating students,” said R K Amit, faculty coordinator (placement), DoMS, IIT Madras. At IIT Jodhpur, companies such as Google, Mahindra &amp; Mahindra, Samsung, L&amp;T, ArcelorMittal, Nippon Steel, and ICICI Bank recruited students across specializations. A few new recruiters also came this year including American Express, Deloitte, Sutherland, Royal Enfield, Maruti Suzuki, Gartner, Pickrr, Udaan, Tata Elxsi, Eeki Foods, and Lightstorm, among others. Some of the roles offered by the companies were business analyst, R&amp;D engineer, system engineer, management trainee, software developer and many more. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/zomatos-blinkit-buy-is-a-poison-pill-that-will-burn-cash-and-delay-profits/articleshow/92490756.cms">Zomato’s Blinkit buy is a poison pill that will burn cash and delay profits</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/policy/news/indian-govt-gst-on-online-gaming-casinos-and-horse-races/articleshow/92490270.cms">India is betting on casinos, online games and horse races to fill its coffers</a>

IIT Madras average salary rises 30% while IIT Jodhpur’s best salary rises 90%

<ul><li>Over 2,500 job offers have been made to IITs at Madras, Kharagpur and Delhi campuses, so far. </li><li><keyword id="6356755" type="ORGANIZATION" weightage="20" keywordseo="iit-madras">IIT Madras</keyword> concluded the first phase of the final placement season with 831 job offers from over 180 companies — including 34 overseas placements. </li><li>Students at <keyword id="57604" type="CITY" weightage="20" keywordseo="iit-delhi">IIT Delhi</keyword> and Kharagpur bagged over 1,700 job offers in the first five days of placements. </li><li>Microsoft, Honeywell, Mastercard and Barclays emerged as the top employers at these IITs.</li></ul>It’s an early Christmas at India’s elite engineering colleges, Indian Institutes of Technology (IITs). In spite of a slowdown, these institutions bagged over 2,500 job at Madras, Kharagpur and Delhi campuses, so far. Most of these offers came from sectors like software and analytics, management, consulting, banking and finance. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Campus </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pre-placement offers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">International offers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total offers rolled out </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IIT Madras </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 167 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">34 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">998 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IIT Kharagpur </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">280 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">41 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,000+ </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IIT Delhi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">186 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">782 </td></tr></tbody></table> IIT Madras concluded the first phase of the final placement season with <a href="https://www.moneycontrol.com/news/india/iit-madras-placements-2019-phase-1-concludes-with-831-job-offers-4713911.html">831 job offers</a> from over 180 companies. It includes 34 overseas placements. In addition, 167 students at the institute received pre-placement offers as well. That takes the total count to 998 until December 8. The second phase will commence in January 2020. Students at IIT Delhi and Kharagpur bagged over 1,700 job offers in the <a href="https://www.ndtv.com/education/iit-kharagpur-students-bag-1000-offers-in-first-five-days-of-placement-drive-2145015">first five days</a> of placements. Of this, almost 500 were pre-placement offers and 56 were overseas offers. At <keyword id="6364832" type="UNKNOWN" weightage="20" keywordseo="IIT-Kharagpur">IIT Kharagpur</keyword>, 19 offers came from the public sector undertakings (PSUs). “This has been the fastest 1,000 offers to date, and in fact a day ahead of last year,” GP Raja Sekhar, head of All IIT Placement Committee <a href="https://www.business-standard.com/article/education/iits-end-first-week-of-placements-on-a-high-note-beating-last-year-s-show-119120901247_1.html">told</a> Business Standard. In fact, the oldest IIT at Kharagpur bagged five offers exceeding ₹1 crore per annum, on the very first day of the final placement season. Microsoft, Honeywell, Mastercard and Barclays were the top employers at IITs this year. While Uber, Cohesity and Accenture Japan were the top international recruiters. The placement season starts in December and will go on till May next year. See also: <a href="https://www.businessinsider.in/careers/news/iit-kharagpur-kicks-off-placement-season-with-a-bang-5-students-bag-offers-over-1-crore/articleshow/72325102.cms">IIT Kharagpur kicks off placement season with a bang — 5 students bag offers over ₹1 crore</a> <a href="https://www.businessinsider.in/careers/news/over-1200-students-bag-pre-placement-offers-at-iit-delhi-iit-guwahati-iit-madras-iit-hyderabad-and-there-are-more-to-go/articleshow/72239289.cms">Students across 23 IITs received over 1,200 pre-placement offers ahead of the placement season</a> <a href="https://www.businessinsider.in/education/news/7248-students-of-top-engg-schools-dropped-out-to-take-up-jobs-offers/articleshow/72432964.cms">7,248 students of top engineering schools dropped out to take up jobs offers</a>

IIT’s Madras, Delhi and Kharagpur campuses bag over 2,500 job offers in the very first week of placements

<keyword id="542865" type="General" weightage="50" keywordseo="indian-institute-of-technology-madras" source="Orion">Indian Institute of Technology Madras</keyword> (IITM) on Monday said it has generated Rs 1,081 crore from sanctioned projects and consultancy during 2021-22. According to IITM, the over Rs 1,000 crore consists of Rs 768 crore in funds from projects sanctioned by the State and Central Governments and Rs 313 crore in industry consultancy. These collaborations are facilitated by a dedicated team at the Centre for Industrial Consultancy and Sponsored Research (IC &amp; SR), <keyword id="6356755" type="General" weightage="100" keywordseo="iit-madras" source="Orion">IIT Madras</keyword>, which is headed by Prof. <keyword id="3807344" type="General" weightage="50" keywordseo="manu-santhanam" source="Orion">Manu Santhanam</keyword>. The major projects that drove the surge in funding during 2021-22 include: 'Education through Information and Communication Technology using Direct-to-Home (DTH)' headed by Prof. K. Mangala Sunder and Prof. Arun Tangirala - Rs 300.28 crore; 'Centre of Excellence for Road Safety (CoERS)' headed by Prof. Venkatesh Balasubramanian - Rs 99.5 crore; '<keyword id="15392539" type="General" weightage="50" keywordseo="speech-technologies" source="Orion">Speech Technologies</keyword> in Indian Languages' headed by Prof. <keyword id="2732" type="General" weightage="50" keywordseo="hema" source="Orion">Hema</keyword> A Murthy - Rs 50.6 crore and 'Collecting Datasets and Benchmarks for Building Indian Language Technology' headed by Dr Mitesh Khapra - Rs 47 crore. V. Kamakoti, Director, of IIT Madras, said, "The performance of the Centre for Industrial Consultancy and Sponsored Research is very encouraging and perfectly aligned with the Strategic Plan of IIT Madras. This is a reflection of our increased interaction with funding agencies and industry." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-recalls-9925-cars-in-india-over-a-defect-in-the-rear-brake-assembly-pin/articleshow/95198499.cms">Maruti Suzuki recalls 9,925 cars in India over a defect in the rear brake assembly pin</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/boat-joins-cult-fit-to-launch-at-home-workout-programme/articleshow/95199482.cms">boAt joins cult.fit to launch at-home workout programme</a>

IIT Madras generated ₹1,081 crore from govt projects and industry consultancy in 2021-22

<ul><li>Three premier Indian institutions raised concerns over lack of government funding. </li><li>Indian Institutes of Technology (IIT) Mumbai and Delhi campuses and the Indian Institute of Science (<keyword id="41780" type="ORGANIZATION" weightage="20" keywordseo="IISC">IISc</keyword>) Bengaluru are amongst those who are unhappy with the IoE plans. </li><li>The Human Resource and Development Ministry (MHRD) recently awarded <keyword id="4396140" type="PERSON" weightage="20" keywordseo="institute-of-eminence">Institute of Eminence</keyword> (IoE) tag to Kalinga Institute of Industrial Technology (KIIT) Deemed to be University, Bhubaneswar.</li></ul>Three premier Indian institutions are unhappy with the slow release of <keyword id="92892" type="PERSON" weightage="20" keywordseo="government-funds">government funds</keyword>. The issue came to the fore when Human Resource and Development Ministry (MHRD) awarded Institute of Eminence (IoE) tag to <a href="https://www.telegraphindia.com/states/west-bengal/global-goal-on-kiit-radar/cid/1719803">Kalinga Institute of Industrial Technology (KIIT)</a> in Bhubaneswar. But two institutes which were given the same recognition last July --Indian Institutes of Technology (IIT) Mumbai and Delhi and the Indian Institute of Science (IISc) Bengaluru — say that the government has not yet provided enough funds to implement IoE plans. The IoE scheme plans to rope in 10 public and private institutions and enable them with better infrastructure, amenities, and autonomy. As per the scheme, the government was to infuse ₹1,000 crore over five years to public institutions. Private institutions are not eligible for government funding. <keyword id="57604" type="CITY" weightage="20" keywordseo="iit-delhi">IIT Delhi</keyword> had requested for ₹200 crore but received ₹93 crore, as on September 2019. <keyword id="71852" type="ORGANIZATION" weightage="20" keywordseo="IIT-Mumbai">IIT Mumbai</keyword> received nearly ₹43 crore. On the other hand, IISc has received ₹78 crore against its demand for ₹167 crore in 2018. “There is a protocol for release of funds. The unused balance with the institute has to be reduced to 20% for further (fund) release,” HRD official <a href="https://indianexpress.com/article/education/three-institutes-iit-of-eminence-flag-slow-funding-govt-points-to-unspent-funds-6123451/">told</a> the Indian Express. The institutions have appealed for a regular inflow of funds to execute IoE scheme. “We cannot start a big project or activity if funds are released in piecemeal (manner). It’ll be much easier if funding is linked to an activity and not to fixed conventional heads under which the government usually releases funds,” the official added. The government recognised <a href="https://www.businessinsider.in/iit-madras-iit-kharagpur-du-banaras-hindu-university-university-of-hyderabad-gets-institute-of-eminence-tag/articleshow/70995236.cms">five Indian institutions</a> — University of Delhi, Indian Institute of Technology (IIT) Madras, Indian Institute of Technology (IIT) Kharagpur, Banaras Hindu University, and University of Hyderabad — under the IoE scheme this year. See also: <a href="https://www.businessinsider.in/iit-madras-iit-kharagpur-du-banaras-hindu-university-university-of-hyderabad-gets-institute-of-eminence-tag/articleshow/70995236.cms">IIT-Madras, IIT-Kharagpur, DU, Banaras Hindu University, University of Hyderabad gets ‘Institute of Eminence’ tag</a> <a href="https://www.businessinsider.in/mukesh-ambani-to-invest-15-billion-into-the-much-delayed-jio-institute/articleshow/70051829.cms">Mukesh Ambani to invest ₹15 billion into the much delayed Jio Institute</a> <a href="https://www.businessinsider.in/the-indian-government-may-shortlist-14-more-educational-institutes-for-eminence-tag/articleshow/66991082.cms">The Indian government may shortlist 14 more educational institutes for ‘eminence’ tag</a>

IITs, IISc say that patchy funding is delaying ‘Institute of Eminence’ plans

<ul><li>Indian Institute of Technology (IIT) Kharagpur concluded the first round of placements on December 11, 2019. </li></ul><ul><li>Of the total 1,310 job offers rolled out, 58% are for the software and analytics jobs.</li></ul><ul><li>In total, over 215 companies from consulting, analytics, banking and finance sectors participated in the campus hiring </li><li>The oldest IIT at Kharagpur bagged five offers exceeding ₹1 crore per annum, on the very first day of the final placement season.</li></ul>Indian Institute of Technology (IIT) Kharagpur concluded the first round of placements on December 11, 2019. Of the 1,310 job offers given out, more than half are in the fields of software and analytics. In total, over 215 companies from consulting, analytics, banking and finance sectors participated in the hiring. Core and banking sectors contributed almost 40% to the recruitment. The placements "comfortably passed all the previous years' record," the institute said. It crossed the threshold of 1,000 offers in the first five days — including 41 international opportunities. Nearly 19 offers came from the public sector undertakings (PSUs). “This has been the fastest 1,000 offers to date, and in fact a day ahead of last year,” GP Raja Sekhar, head of All IIT Placement Committee <a href="https://www.business-standard.com/article/education/iits-end-first-week-of-placements-on-a-high-note-beating-last-year-s-show-119120901247_1.html">told</a> Business Standard. In fact, the oldest IIT at Kharagpur bagged five offers exceeding ₹1 crore per annum, on the very first day of the final placement season. IIT Madras also concluded the first phase of the final placement season with <a href="https://www.moneycontrol.com/news/india/iit-madras-placements-2019-phase-1-concludes-with-831-job-offers-4713911.html">831 job offers</a> from over 180 companies. It includes 34 overseas placements. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Campus </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pre-placement offers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">International offers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total offers rolled out </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IIT Kharagpur </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 280 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">41+ </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,310 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IIT Madras </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">167 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">34 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">998 </td></tr></tbody></table> IIT Hyderabad received 38 international job offers from Goldman Sachs, Microsoft amongst others. "There is a significant increase in international offers this year as compared to last year. For the current placement year 2019-20, we have received 38 international offers, as on December 12 — from 15 companies across three countries — USA, Japan &amp; Taiwan,” the placement in-charge at IIT Hyderabad <a href="https://www.businesstoday.in/current/economy-politics/iit-kharagpur-placements-1310-job-offers-students-first-phase/story/391953.html">told </a>Business Today. See also: <a href="https://www.businessinsider.in/careers/news/iit-kharagpur-kicks-off-placement-season-with-a-bang-5-students-bag-offers-over-1-crore/articleshow/72325102.cms">IIT Kharagpur kicks off placement season with a bang — 5 students bag offers over ₹1 crore</a> <a href="https://www.businessinsider.in/careers/news/iits-madras-delhi-and-kharagpur-campuses-bag-over-2500-job-offers-in-the-very-first-week-of-placements/articleshow/72451071.cms">IIT’s Madras, Delhi and Kharagpur campuses bag over 2,500 job offers in the very first week of placements</a>

More than half of the job offers at IIT Kharagpur came from the software and analytics sectors

The Indian Institute of Technology Madras (IIT-M) will be setting up an Innovation and Entrepreneurship fund of Rs 100 crore to support start-ups. The premier city-based institute said it is also planning to ensure that at least five of its Centers of Excellence rank among the top three in the world in their respective fields. "<keyword id="6354859" type="General" weightage="100" keywordseo="iit" source="Orion">IIT</keyword> Madras is going to establish an Innovation and Entrepreneurship fund of Rs 100 Crore to support student and faculty's efforts to establish start-ups." These were "among the top goals the institute has set for itself in the Strategic Plan for the Period 2022-27. The targets envisioned include creating an institute with a diversified group of faculty, students and staff, pursuing nationally relevant and internationally recognised basic and translational research," it said. IIT-M said it has been developing and following strategic plans periodically for more than two decades now. "By the end of this plan period, the institute will have significantly upgraded and augmented its infrastructure to support its ambitious programmes. The Discovery Campus, which is the satellite campus of IIT-M located about 36 km from main campus, will be home to an increasing number of specialised world-class research facilities," it said in a release. <keyword id="14247532" type="General" weightage="50" keywordseo="prof-v-kamakoti" source="Orion">Prof V Kamakoti</keyword>, Director of the institute, said, "in the next five years, we would like to realise an IIT Madras with a diversified group of faculty, students and staff actively pursuing nationally relevant and internationally-recognised fundamental and translational research. As part of this vision, we would like to have students from all parts of <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>, especially rural India to be associated with," them. Speaking about the Strategic Plan 2022-27, <keyword id="8730834" type="General" weightage="50" keywordseo="pawan-k-goenka" source="Orion">Pawan K Goenka</keyword>, Chairman, Board of Governors, IIT Madras, said it will usher in the next phase of the institution's quest towards global excellence. The institute is also planning new Programmes and Academic Outreach in the next five years. They include introducing hybrid and online postgraduate programmes and launching multidisciplinary PG programmes in current areas such as health policy studies, computational linguistics, disability studies, environmental humanities, digital humanities and medical humanities, it added. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/leaked-messages-show-googlers-are-taking-out-their-frustrations-over-layoffs-on-its-new-bard-ai-chatbot/articleshow/98221257.cms">Leaked messages show Googlers are taking out their frustrations over layoffs on its new Bard AI chatbot</a> <a href="https://www.businessinsider.in/entertainment/news/hbo-dropped-the-1st-teaser-trailer-for-succession-season-4-heres-what-to-expect-when-the-show-returns-this-march-/articleshow/97361611.cms">'Succession' will end with its 4th season. Here's what to expect when the show returns for its final episodes this March.</a> <a href="https://www.businessinsider.in/india/news/india-ranks-42-in-55-countries-on-international-ip-index/articleshow/98224833.cms">India ranks 42 in 55 countries on International IP Index</a>

IIT Madras to establish ₹100 crore Innovation & Entrepreneurship fund

<keyword id="10591" type="CITY" weightage="100" keywordseo="Samsung">Samsung</keyword> is looking forward to hire more than 300 engineers from the country’s most prestigious technology institute-Indian Institutes of Technology (<keyword id="6354859" type="COMPANY" weightage="100" keywordseo="IIT">IIT</keyword>s) and this will lead to making Samsung the top recruiter from IIT campuses this year. 
 
The leader in mobile phone and electronics manufacturing is leading the race in terms of making maximum offers in at least three Indian Institute of Technology (IIT) campuses after the first eight days of final placements this year. 
 A <keyword id="107877" type="CITY" weightage="100" keywordseo="Samsung-India">Samsung India</keyword> spokesperson confirmed that the company plans on hiring over 300 engineers from the <keyword id="49737" type="COMPANY" weightage="20" keywordseo="IITs">IITs</keyword> this year for its research and development (R&amp;D) institutes in <keyword id="6354321" type="CITY" weightage="20" keywordseo="Bengaluru">Bengaluru</keyword>, Noida and Delhi. 
 
"IITs offer some of the best engineering talent in India, and these young engineers are well-suited to the innovation mindset at Samsung," the person told ET. 
 
Samsung has made the maximum number of offers at IIT Roorkee, IIT Varanasi and Guwahati, handing out 95 offers in these three campuses. 
 At <keyword id="6364832" type="COMPANY" weightage="20" keywordseo="IIT-Kharagpur">IIT Kharagpur</keyword>, it is just behind only <keyword id="45383" type="COMPANY" weightage="20" keywordseo="Coal-India">Coal India</keyword>. The company is also hiring aggressively from other top IITs such as Delhi, Bombay, Madras, Kanpur and Hyderabad. 
 
"Samsung Bangalore has been the top recruiter at our institute this year with 25 offers," Kaustubha Mohanty, head, centre for career development, IIT Guwahati, told ET. 
 At IIT Roorkee, Samsung made 26 offers, followed by <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> with 23 offers, <keyword id="10387" type="CITY" weightage="20" keywordseo="Microsoft">Microsoft</keyword> with 17, <keyword id="6355199" type="CITY" weightage="20" keywordseo="Reliance-Industries">Reliance Industries</keyword> with 16, and <keyword id="1960232" type="UNKNOWN" weightage="20" keywordseo="Citicorp-Services-India">Citicorp Services India</keyword> and EXL with 15 offers each. 
 
Another top recruiter this year is outsourcing and analytics service provider EXL, which has alreaddy visited eight IITs, which includes Bombay, Delhi, Kanpur, Kharagpur, Roorkee, Madras, Guwahati, and BHU this year, and made 127 offers, up from 111last year. 
 "Driven by its growth-induced demand, EXL has been consistently increasing its offers at the campuses primarily due to the quality, aptitude and trainability of the candidates. EXL hires primarily for its consultant role from all the above campuses. Placements at IITs started on December 1 and are still ongoing. The first phase of the process will end later this month, only to pick up again in January," <keyword id="1567562" type="UNKNOWN" weightage="20" keywordseo="Vivek-Jetley">Vivek Jetley</keyword>, senior vice-president, <keyword id="3937269" type="UNKNOWN" weightage="20" keywordseo="exl-analytics">EXL Analytics</keyword>, told ET. 
 Power management company Eaton also recruited in good numbers. It made 11 offers at <keyword id="922152" type="ORGANIZATION" weightage="20" keywordseo="IIT-Hyderabad">IIT Hyderabad</keyword> to emerge the single largest recruiter there while at IIT BHU it made 10 offers.

IIT placements: Samsung India plans to hire over 300 engineers, to emerge as top recruiter this year

Every year, as the placement season begins in the reputed <keyword id="6354859" type="COMPANY" weightage="100" keywordseo="IIT">IIT</keyword>s across the country, a lot of IIT students get into depression. This happens as a result of the stress that they go through, while trying to get a top-paying job. Also, the news of packages of Rs 1 crore being offered to some students does not help the students, who also face family pressure because of this. 
 
Another issue that results in the stress is the wide disparity between the highest and lowest salaries which is offered to students. Reportedly, the packages range from as low as Rs 8 lakh to as high as Rs 2 crore including stock options. Not to forget, the expectations from family is another reason for students slipping into depression and not being able to give their 100% in the interviews. 
 
Not only this, some students also change their subjects and switch to streams that get hefty packages, giving up their dreams in pursuit of money. 
 
Cases are reported when high-ranking students slip into placement depression when they fail to get picked up on the first or second day of the placements, even though there are chances that they might get good jobs at the end of the season. 
 
The results, obviously, are disastrous. Reportedly, at least 10% of IIT Delhi students face an identity crisis, as per IIT-D student counsellor Rupa Murghai. Also, as much as 75% of IIT Madras students who seek help suffer from clinical depression, according to an IIT-M student counselor. 
 
"With the growing competition and extreme emphasis on ranks, marks and placements, our education system has transformed into more of an examination system," Shobhana Mittal, consultant psychiatrist at Cosmos Institute of Mental Health &amp; Behavioural Sciences (CIMBS), told ET. 
 
<a href="http://cdn2-b.examiner.com/sites/default/files/styles/image_content_width/hash/42/76/depression_17.jpg?itok=8JlMA9Md">Image source</a>

Pressure cooker November: IIT students stressed because of salary disparity and huge family expectations

<ul><li>Five students at India’s oldest Indian Institute of Technology (IIT) Kharagpur bagged offers exceeding ₹1 crore on the very first day of the final placement season. </li><li>Top recruiters — Microsoft and <keyword id="6361649" type="UNKNOWN" weightage="20" keywordseo="Goldman-Sachs">Goldman Sachs</keyword> — rolled out 38 offers to engineering graduates. </li><li>IIT Madras received 102 offers from top multinationals including Qualcomm. </li><li>IIT Hyderabad closed the first day of placements securing 53 offers from over 15 companies — including new entrants like BookMyShow and Sprinklr.</li></ul>Beating slowdown blues, five students at India’s oldest Indian Institute of Technology (IIT) Kharagpur bagged offers exceeding ₹1 crore per annum, on the very first day of the final placement season. The number of offers from the public sector also grew threefold, compared to last year. Top recruiters — Microsoft and Goldman Sachs — rolled out 38 offers to engineering graduates. <a href="https://m.economictimes.com/jobs/five-rs-1-crore-plus-offers-on-day-1-of-iit-kharagpur-final-placements/articleshow/72322934.cms">According to </a>an ET report, the institute witnessed a whopping 50% surge in the international offers rolled out across sectors. The first day of IIT-K placements wrapped up grabbing over 450 offers from sectors like analytics, software and consulting among others. During its summer placements, the institute bagged over 500 internship offers, 39 more than last year. On the other hand, IIT Madras received <a href="https://www.google.co.in/amp/s/www.thehindubusinessline.com/news/education/102-job-offers-by-20-companies-on-day-1-of-placement-at-iit-madras/article30130243.ece/amp/">102 offers </a>from top multinationals including Qualcomm. Of these, four students were extended overseas placement opportunity. IIT Hyderabad closed the first day of placements securing 53 offers from over 15 companies — including new entrants like BookMyShow and Sprinklr, the Indian Express <a href="https://www.google.co.in/amp/s/indianexpress.com/article/jobs/53-offers-made-at-the-first-day-of-placements-at-iit-hyderabad-6145523/lite/">reported</a>. The first day of placements has shown a positive hiring trend at the Indian IITs. Over 1,500 job offers have been made at various IITs so far, Mint <a href="https://www.google.co.in/amp/s/www.livemint.com/Education/dK73s90lZh9L09qkTDzg1O/IIT-placement-season-sees-1500-job-offers-in-the-first-two.html%3ffacet=amp">reports</a>. In fact, engineering graduates across 23 IITs received over 1,200 of pre-placement offers ahead of the placement season. See also: <a href="https://www.google.co.in/amp/s/www.businessinsider.in/careers/news/over-1200-students-bag-pre-placement-offers-at-iit-delhi-iit-guwahati-iit-madras-iit-hyderabad-and-there-are-more-to-go/amp_articleshow/72239289.cms">Students across 23 IITs received over 1,200 pre-placement offers ahead of the placement season</a> <a>90 MBA graduates from SP Jain Global bag international offers — with an average salary of ₹20 lakh</a>

IIT Kharagpur kicks off placement season with a bang — 5 students bag offers over ₹1 crore

The Indian government is now planning to provide much-needed help to technology <keyword id="679906" type="UNKNOWN" weightage="20" keywordseo="incubation-centres">incubation centres</keyword> that help <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword> in setting up businesses. 
 
Nearly 500 companies are getting seeded every year in about 200 incubators around the country. 
 
The department of science and technology, which manages 100 incubators, had spent Rs 40 crore last year them. 
 
Academicians are pinning hopes that the increase in incubators will have a huge impact. 
 
"If we get enough number of companies from the incubators, India will be different ten years from now,” IIT Madras professor Ashok Jhunjhunwala told ET. 
 
In an effort to increase the incubation centres, the department of science and technology and the department of biotechnology are enhancing this program. 
 
They will start funding the companies and the science and technology department is mulling to start 25 new business incubators every year. 
 
It will also come up with new scheme for grassroots innovation by starting challenges in five lakh schools, to imbibe innovation in schools. 
ET reported that Jhunjhunwala has been closely involved in incubation at the IIT Madras incubation centres, which has so far formally incubated 99 companies in three incubators in its research park. 
 
At IIT Bombay, the Society for Innovation and Entrepreneurship (SINE) has incubated 78 companies. 
 
"The more science there is in a startup, the richer the ecosystem needs to be. Startups need depth of expertise in many areas, and founders usually do not have all the technical knowledge. They need equipment hard to find except in a government lab, but the equipment in labs are not available easily to outsiders. Startups also need help with intellectual property strategy," V Premnath, director of NCL Venture Centre told ET. 
 
Incubators have played a crucial role in expanding Indian economy. 
 
Over the years, parents have encouraged their children to give flight to their entrepreneurial dreams. 
 
(Image: Thinkstock)

Expect more startups to mushroom as the government is planning big on tech incubation centres

New Delhi, May 7 () The Coir Board has signed a pact with the Indian Institute of Technology-Madras to establish a centre of excellence for the application of Coir exclusively or in combination with other natural fibres. Earlier, IIT-Madras validated the research studies so far undertaken by the Coir Board and other agencies in India on coir geotextiles (CGT), and recommended that CGT can be successfully used to prevent soil erosion in slopes, river embankments, and for mine dump slope stabilisation. The institute has also recommended the use of CGT in low-volume rural roads as a re-enforcement material. "The centre of excellence (CoE) aims at furthering the research work so far done in the coir sector with the support of IIT-Madras team of experts. "It will also support the development of relevant technology and evolve standards for production and processing through specific projects and monitor research projects and mentor of the Coir Board's research institutes and laboratories," an official statement said. The centre of excellence will also assist in generating the intellectual property rights and technology transfer. The Coir Board will provide a financial assistance of Rs 5 crore initially for a period of two years to establish and run the centre of excellence. RSN HRS

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