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Mumbai, Sep 10: Despite the rising inflationary trends, infrastructure majors such as HCC, L&T, Simplex Infrastructure Ltd, Feedback Ventures, SKIL Infrastructure and Soma Enterprise expect the infrastructure market size to increase by 15% this year from last year.
According to experts, currently, recruitments are happening across all levels in the infrastructure segment. Power, urban infrastructure, railways, industrial construction are certain verticals offering good job opportunities. As a result, job creation will continue as the total manpower requirement is large.
As per the Assocham study, areas such as construction, aviation, energy, metals and mining have created 12,580 job opportunities out of a total of 1, 05,638 between April and June this year.
Leading the sectors with maximum job opportunities is the construction segment whose share is approximately 24 %. When contacted, Rajgopal Nogja, president, HCC Real Estate Ltd (HCCREL), the real estate arm of Hindustan Construction Company (HCC) said,“We have recently hiked salaries of our employees by over double digits apart from conducting various training programmes to increase productivity of our employees.”
Huge demand for engineering, procurement and construction professionals has led to across-the-board 18-20% mid-term hikes in large infrastructure companies like Larsen & Toubro, Punj Lloyd, Sobha Developers and Reliance Retail’s EPC division, among others, according to L&T spokesperson. This is mainly due to heightened activity in the construction, infrastructure and retail sectors.
According to Amitabh Mundhra, director, Simplex Infrastructure, “Currently, recruitments are happening across all levels in the infrastructure segment. We are in the process of creating fresh talent and attracting talent from outside as well. Besides, training programmes are being conducted for trainees in terms of providing project management skills and techno management skills. There is major volume of skilled and unskilled work force resulting in highly labour oriented work.” Krishna Thota, general manager—strategy, Soma Enterprise said, “We are investing a lot in hiring a lot of fresh engineers to create a pull of middle level managers as they are in great demand.”
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