BENGALURU: Top business schools recently witnessed a renewal in hiring from manufacturing companies and this prospect is expected to improve in 2016.

B-Schools that aim for these manufacturing companies are IIM Calcutta, IIM Trichy, MDI Gurgaon, IMI Delhi, IMT Ghaziabad and BIM Trichy, reports Economic Times.

Recruitment by manufacturing companies shot up 40percent even after colleges had their final placements. Institutions are witnessing a jump in the pre-placement offers (PPOs) besides laterals.

According to college placement cells, companies that were first timers in this recruitment business and are hiring students after four to five years includes  Hinduja Group, Honda Motor Co. of Japan, Hyundai Motor India, TVS Motor, the Murugappa Group, Sundaram Clayton, 3M, Bajaj Electricals, Saint Gobain and Welspun, according to placement cells. These joined conglomerates like Reliance, tata Steel, Tata Motors and Asian Paints.

Placements chairperson and associate professor, Kanwal Kapil of Management Development institute, Gurgaon said "At MDI Gurgaon, the number of manufacturing firms offering management positions during the laterals has increased 10% from last year."

Kapil further adds, "PPOs offered by manufacturing firms have seen a 40% rise from last year's offers. There is a huge increase in the interest level of manufacturing firms seeking out MDI Gurgaon in order to participate in the final placement process."

3M, the Global mining and manufacturing conglomerate had been hiring students of BIM Trichy for the last three years. This year they hired only two and offered each a package of 15lakh.

Abhishek Kumar, assistant professor at BIM Trichy said, "There are new companies coming and recruiting in large numbers. We have seen 40% increase in hiring by manufacturing companies. Revival in sectors such as transportation, automobile, infrastructure has led to this revival."

Other recruiters at BIM Trichy who ended up almost after a half a decade are Vedanta, TVS Motor and Ultramine Chemicals.

Maclean Raphael, Executive director of human resources, 3M India Ltd said, "The central government is working hard on the policy front including GST, labour reforms, etc., besides trying to improve infrastructure and creating smart cities."

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