NIIT, Genpact form JV; to impart IT training
To address the increasing demand for skilled workers in the technology sector, BPO firm Genpact and IT training institute NIIT today joined hands to form a new venture.
By PTI |
NEW DELHI: To address the increasing demand for skilled workers in the technology sector, BPO firm Genpact and IT training institute NIIT today joined hands to form a new venture - NIIT Institute of Process Excellence -- which will offer training in business process services.
NIIT and Genpact has entered into a joint venture where the training institute would have 75 per cent stake and BPO major would have 25 per cent. The two firms would invest Rs 25 crore in the first phase.
As per the agreement, Genpact would provide industry- specific knowledge as well as internship and job opportunities to students and NIIT would complement this with its expertise in content development and training delivery.
Genpact President and CEO, Pramod Bhasin said, "The training institute would focus on developing talent and increasing employability to meet the growing demand for a skilled workforce in the countries where we operate."
"The training programmes will be offered to students through our learning centres in key metros , mini metros and Tier II towns in India, followed by China and the Philippines," NIIT CEO Vijay K Thadani said.
The first centre would come up in Gurgaon in September this year. Both the companies expect the new institute to have over 250 centres by 2012.
The move is likely to address the talent crunch that the BPO industry is facing. IT industry body Nasscom estimates that the Indian BPO industry is expected to generate over 1.4 million jobs by 2010.
NIIT and Genpact has entered into a joint venture where the training institute would have 75 per cent stake and BPO major would have 25 per cent. The two firms would invest Rs 25 crore in the first phase.
As per the agreement, Genpact would provide industry- specific knowledge as well as internship and job opportunities to students and NIIT would complement this with its expertise in content development and training delivery.
Genpact President and CEO, Pramod Bhasin said, "The training institute would focus on developing talent and increasing employability to meet the growing demand for a skilled workforce in the countries where we operate."
"The training programmes will be offered to students through our learning centres in key metros , mini metros and Tier II towns in India, followed by China and the Philippines," NIIT CEO Vijay K Thadani said.
The first centre would come up in Gurgaon in September this year. Both the companies expect the new institute to have over 250 centres by 2012.
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The move is likely to address the talent crunch that the BPO industry is facing. IT industry body Nasscom estimates that the Indian BPO industry is expected to generate over 1.4 million jobs by 2010.
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