Facebook may not visit IITs this year for campus placements

Facebook, a regular at the Indian Institutes of Technology (IITs) every year for recruiting fresh talent, is likely to skip a visit to the campuses this year.

According to a report by The Economic Times, the reason is not because the social networking giant does not value the premier engineering institutes any more but because of the limited H1B visas issued to corporates in US this year.

US-based technology companies are increasingly facing issues getting a visa for the talent they hire from India. Currently, the quota for H1B visas is 65,000 annually.

Last year, Facebook had offered up to Rs 1-2 crore salaries to at least 12 students at IITs for the positions of software engineers in California. According to the daily's report, at least five IITs have confirmed that the social networking giant will not be visiting their campus this year.

It is estimated that by 2020, the demand for science, technology and engineering skill-sets will touch one million annually.