Despite being a global software services hub, India is facing a big challenge in hiring skilled manpower in IT industry, though the sector is expected to generate over two million jobs by 2014, experts from the industry said in New Delhi on Monday.
Participating in a seminar on 'Aiming Global Business: IT-ITeS Industry's New Priorities, New Realities', at the Indian Institute of Foreign Trade (IIFT), the experts pointed out that there is a need to invest in training people to meet the HR requirements with the changing global business scenario.
In his keynote address, National Association of Software and Services Companies (Nasscom) President Kiran Karnik said,"The IT industry is facing big HR challenge as it is not getting people with right skills."
Asserting that engineering services have huge potential, he suggested synergising it with the IT. The Nasscom President further stressed on encouraging innovative ideas and creativity, saying the IT sector will grow with doing things differently.
IT Secretary Jainder Singh said,"Keeping in view the large demand for the manpower in the key verticals, like insurance, banking, financial analysis etc, courses aiming at generation of manpower for ITeS/BPO sectors, have been started."
To stay in the lead and continue to increase India's share in the global market, Mr Singh said,"Government and IT/BPO need to work in conjugation to move up in value chain cultivating deep and enduring innovation across three dimensions, that is in business model, knowledge and eco-system, and also to expand into other countries than the US for tapping the new centres of emerging requirement, as well as stimulating domestic IT demand."
India can deliver high quality end-to-end services and this an opportunity that India by developing its potentials in KPOs (Knowledge Process Outsoursing) can enable companies to maximise their savings through off-shore operations, he said.
India is aiming at capturing 15 per cent share of world market by 2010, which was 54 billion dollar in 2005, he added. Existing market share of India is 5 per cent.
Bioinformatics, he said, has emerged as one of the most dynamic field in current biological research and the biotech business in the country has the potential to generate annual revenues of $5 bn and a million skilled jobs by 2020.
"DIT has proposed to establish a centre of excellence for carrying out research and generation of high-end manpower in bioinformatics," he said.