‘Back to Bharat’ trend picking up in EV, Hitech sectors, says CIEL
With the West facing economic recession, job losses happening and while the Indian economy is predicted to grow, “Back to Bharat” is gaining ground in the executive placement segment, said a top official of the human resource (HR) groups Ma Foi and the CIEL.
He also said the CIEL is looking at five acquisitions in the HR space of which one of them is a listed company.
“The CIEL HR Services is planning to raise Rs 200 crore – Rs 24 crore from private placement and Rs 176 crore from private equity funds. The funds will be used for acquisitions,” K. Pandiarajan, Executive Chairperson and Director – Ma Foi Group & CIEL Group told media here.
