Day 1 of final placements at various Indian Institutes of Technologies (IITs) saw over Rs 1 crore salaries being doled out to the soon-to-graduate engineers. Large technology companies dominated Day 1 of placements.
The process, which began on December 1, is expected to conclude within the next few weeks. The students will join these companies after their graduation in 2020.
“International offers of over Rs 1 crore have boosted sentiment,” said the placement head at an IIT.
IITs conduct final placements in a phased manner. Companies are usually segregated on the basis of their profile and sector, with multiple slots on each day.