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The Indian IT and BPO industry could become more than double its size to $50 billion and create 2.3 million jobs in the next few years, Infosys CEO Nandan Nilekani has said. "The IT and BPO industry will grow to $ 50 billion and create about 2.3 million jobs directly and 10 million indirectly. Currently, the industry stands at $ 24 billion ," he said at the convocation ceremony of TERI University in New Delhi recently. India can achieve 9-10 per cent economic growth in near future but it would have to be widespread to create 10-14 million jobs every year, he said. India has a very young workforce, with the majority of population in the age group of 15-64 years. This would lead to more earnings and savings, he said, adding the dependency ratio would decrease to a large extent. For achieving higher growth, India will have to maintain its capital productivity and ensure that the growth is equally distributed in urban and rural areas, he said. "By 2020-25, the country will achieve 50 per cent urbanisation, where one out of two people will live in city," Nilekani said.
Oracle integrates 2 study courses Enterprise software company Oracle has announced that it will combine its two information technology education programmes — the Oracle Academy and the Oracle Academic Initiative - to offer a comprehensive course called the Oracle Academy. The new programme would benefit educators and students by giving them broader choice and increased flexibility in curricula and educational offerings, a company release said in New Delhi recently. "The Oracle Academy now provides one complete, comprehensive offering - allowing ministries, schools and universities worldwide to develop technology training programs that address individual needs. This change will benefit both students and local economies by helping to create an agile and well-prepared workforce," Oracle Education Initiatives Vice-President Clare Dolan said.
24x7 to double headcount Domestic e-learning company, 24x7 Learning Solutions is understood to be in talks with various foreign firms to expand its presence in overseas markets and will also double its headcount by next year. The Bangalore-based company is aiming to tap the $ 23 billion global e-learning market by targeting East and West Asian countries as well as the US. It already has an office in the US to support partners and customers in their intellectual capital management initiatives. "We will definitely expand our base in the overseas market in future but no timeframe has yet been set for it," company's Founder and CEO Karthik KS said. 24x7 would double its manpower to 100 in the next year from 50 currently and also open a new office in Bhubaneswar soon, he said. The company in January had announced an investment of $ 10 million in the next two years for its expansion plans, Karthik said. The provider of e-learning consulting and implementation solutions has also launched a employability enhancement programme - Academic Solutions Group (ASG) for distance learners, specifically from Tier II and Tier III cities. The programme is aimed at imparting necessary employable skills to engineering graduates and MCA degree holders, which would help them to meet industry challenges, he said. Indian companies spend about $ 3 billion annually to send their employees abroad for training and most of the IT companies provide six months training to the new recruits, Karthik added.
Microsoft pact for management course Software major Microsoft has entered into an academic alliance with the Bharatidasan Institute of Management to provide a licence of its Enterprise Resources Planning package and Microsoft Dynamics AX, for training purposes. Speaking to reporters in Tiruchirappalli recently, Director of the Institute, M Shankaran said the full-fledged ERP programme for MBA students is increasingly becoming popular. Microsoft Dynamics AX, a financial, customer relationship and supply management solutions, would help businesses streamline their processes effectively. The package would be delivered through a network of channel partners, providing specialised requirements.
— PTI
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