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The KPO market in India would stagnate at $ 10.5 billion against the projected $ 15 billion by 2012 due to a dearth of talented professionals in the absence of relevant institutions for imparting KPO skills in India, industry body Assocham has said. "Nearly 30 per cent shortfall is likely in the size of KPO business by 2012, which would stagnate at 10.5 billion dollars against the projected 15 billion dollars," an Assocham statement said. Not only professional shortages of skilled KPO workforce would be acute by then, but emerging competition from low-cost destinations such as The Philippines, Russia, China, Poland and Hungary would also hit domestic KPO prospects, it said. According to the chamber, the KPO industry would be able to sustain its current pace of growth of nearly 18-20 per cent with employment opportunities for 30,000 workforce having revenue generation of around $ 3.8 billion provided relevant training institutions are created.
— PTI Arena Animation gets award Arena Animation, a leading player in Animation and Multimedia education, has been conferred the prestigious Maharashtra IT Award-2007 by the Government of Maharashtra, for its outstanding contribution to Animation and IT in that state. R. Krishnan, executive director, Aptech Ltd and Global Head, Arena Animation, received this award at a glittering ceremony at Malabar Hills, Mumbai, from the Maharashtra Chief Minister Vilasrao Deshmukh recently. V.K. Jairath, principal secretary, Industries, Shivaji, IT secretary, Maharashtra, Ashok Chavan, minister industries & mines, and M.S. Malini, Development Commissioner, were also present.
— TNS
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