The world sees India as the mecca of Information Technology, but the country is today facing a shortage of skilled manpower in the field, a top official of software giant Satyam said in Kuala Lumpur, stressing on the urgent need to set up more technical educational institutions.
"The top four IT companies (Satyam, Infosys, Wipro and TCS) hire most of the talent in the country. There is a serious dearth of skilled manpower for the other hundreds of IT companies," Virender Aggarwal, Director and Senior Vice President of Satyam told PTI here.
Despite being the smallest of India's Big Four outsourcers, Satyam's sales have tripled in the last five years, and its workforce has grown too with the company planning to hire another 15,000 this year.
The company was named on Tuesday by Forbes Asia as one of Asia's best 50 companies based on its long-term profitability, sales and earnings growth, stock price appreciation and projected earnings in the region. The companies selected have a market capitalisation or revenue of at least USD five billion.
Aggarwal, who oversees global operations in Asia Pacific, Middle East, India and Africa and was here for the awards function, said India's education capacity was not increasing and the Government was not able to increase engineering colleges at the same pace as the burgeoning demand.
"The Government needs to spend lots on education," he said and noted that this situation with "less manpower resulted in wage hikes making it difficult for both the companies and the end users."