Swedish telecom equipment maker, Ericsson, is looking at adding around 400 graduates from management and engineering to its 19,000-plus team in India in 2015. In the year ending 2014, the company is expecting to close its hiring with almost 300 people from similar backgrounds.
"Based on the positive momentum that we are seeing in the market, our hiring has seen a 10% increase this year. For next year, we will be looking at a 40% increase on our 2014 hiring numbers," says Chris Houghton, head of India region, Ericsson.
In its third quarter ending 2014, the company's revenue grew by 56% as compared with the same quarter in 2013. On the diversity front, the company has set a glob al agenda of having women comprise one-third its workforce by 2020. However, in India, the proportion of women to the total workforce is only 10%.
Ericsson will also facilitate student projects across all the Indian Institutes of Technology, together with the Foundation for Innovation and Technology Transfer at IIT Delhi. Ericsson is looking at supporting a few of these ventures at IIT-approved technology business incubators.
For this, the company has launched 'Innovation Awards', where it will recognize student innovations in areas like web design, cloud computing, storage and networking, human-machine interface, embedded and hardware system design, research, and so on.
As part of the award, winners will receive a funding of Rs 10 lakh each for incubation of the project over a two-year period.
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