Demand for senior executives for Infrastructure firms increase
The top and mid-tier infrastructure firms are looking to hire senior executives, after a slump in hiring for the last 2 years due to the economic slowdown. These companies are looking at the ways to reduce debt, turn around projects and win new ones from an expected pick-up in infrastructure growth. There is a positive Modinomics playing in the market which has given boost to all the sectors.
The executive search firms have been mandated to find suitable candidates for GMR Group, KEC International Ltd, Larsen & Toubro Ltd (hydrocarbon business), L&T Infrastructure Finance Ltd and SREI Infrastructure Finance Ltd, which have interests in power, roads, water and ports. These are large corporate houses which are looking at hiring at the executive levels.
Search firms like Executive Access Ltd, RGF Executive, EMA Partners International and ABC Consultants each have at least five requests to hire senior-level executives. The companies are looking for senior-level executives with proven track record and entrepreneurial skills to support the expected growth in the sector.
The Narendra Modi-led government’s plans to build a high-speed train network, 100 smart cities, dedicated freight corridors and airports in smaller towns and everyone wants a share of this growth pie. These moves are expected to help the infrastructure firms, and in anticipation they have already started hiring senior executives to handle these new projects. So some good news for the head honchos who did not find appropriate placements due to the cost cutting in the last few years.
Source- Mint
ABC Consultants, EMA Partners International, Executive Access Ltd, GMR Group, KEC International Ltd, L&T Infrastructure Finance Ltd, Larsen & Toubro Ltd, Narendra Modi led Government, RGF Executive, Srei Infrastructure Finance Ltd
