Only 10 per cent of global-off-shoring market tapped

By Staff
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Google Oneindia News

New Delhi, May 2 (UNI) From an estimated 300 billion dollar global off-shoring business split between IT and BPO sector only 10 per cent had been realised leaving ample headroom for future growth that could be tapped by the Indian industry, an official report said.

The addressable market for the global BPO industry had been equally sizeable and could expand by more than 10 times from the current size of approximately 11.5 billion dollars to at least 120-150 billion dollars.

The Standing Committee on Information Technology (2006-07) hoped that the Department of Information Technology (DIT) would work in unison with Human Resource development Ministry and NASSCOM and devise counteractive measures to exploit the untapped potential to meet the estimated shortfall of manpower.

The DIT in their action taken notes have stated that a Task Force Report has been discussed in a series of meetings with NASSCOM.

As a result, several planning and implementing actions have taken place which include several initiatives like generation of manpower in key verticals like bioinformatics, VLSI design and information security.

The DIT is also implementing ITES-BPO course to enhance skills of youth for employment/ self employment in ITES/BPO sector in North East and Srinagar/Jammu region and have already trained more than 3250 students.

ITES and BPO companies are stated to be taking up initiatives on their own to train manpower to meet their recquirements.

The Committee finds that DIT have taken ceratin steps for development of the manpower in the upcoming IT sector. However these steps are inadequate when compared to the actual manpower recquirement, as projected by the Task Force on HRD in IT and also in the NASSCOM McKinsey report, 2005.

Much more focused attention should be paid towards meeting the future manpower demands of IT/ITES sector.

UNI

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