Tuesday, April 29th, 2008 |
Professor Rick Trainor, President of Universities UK and Principal of King’s College London, is leading a delegation of UK University Vice Chancellors to India to discuss collaborations on the massive expansion in India’s Higher Education Institutions under the XI Five Year Plan.
The visit follows the Bilateral Summit meeting between the British Prime Minister Gordon Brown and Indian Prime Minister Manmohan Singh in January 2008. At the Summit, the two Prime Ministers agreed to actively promote links between British Universities and the premier educational institutions in India including collaborating on the establishment of one new Indian Institute of Technology (IIT), one new Indian Institute of Science Education and Research (IISER), and one new Central University.
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Thursday, March 6th, 2008 |
The approach to 11th Five Year Plan has assessed that while India’s young demographic profile has the country favourably placed in terms of manpower availability, talent supply shortages are emerging. This is extremely disconcerting especially for the knowledge services sector, which over the last few years has emerged as a significant growth engine which demonstrated gains in terms of exports, employment and very visibly in urban development across several cities in the country. Research has shown that so far, only a tenth of the global addressable market for these services has been tapped.
India is best positioned to take advantage of this opportunity with its early lead and strong fundamentals such as demographics, economics, and expertise. Yet the unsuitability of a large proportion of the talent pool in the country could lead to significant lost opportunities. The NASSCOM-McKinsey Report, 2005 Projections indicate that these will fall short by about 0.5 million suitable professionals by the end of the decade and in the absence of corrective action, this gap will continue to grow.
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