CHENNAI: The estimate quoted by MA FOI Academy said that the Indian Market for training is worth about 10,000 crores. A NASSCOM projection takes the IT Corporate Training market to 600 crores by 2010. It looks like the word had got around and Australian Training Firms comes shopping at the Indian Shores. On Friday, an Australian delegation of 10 Training firms held a meeting with Indian training firms looking for partnership. Nikil Indrasen, Business Head, MA FOI Academy said: “The recent figures showing that the Indian market for training is worth about 10,000 crores, there is a huge potential to explore. With the government sector share going to be 20 per cent, retail 50 per cent and corporate comprise another 25 and Education remaining a growing sector with 5 per cent, there is lot of scope.” Nikil pointed out for the Australian firms to look out of opportunities in key areas like Sales which has shown a high demand for training contributing to the 50 per cent, followed by soft skills, communication and managerial effectiveness.
Nikil went on to give more perspective to the prospective business partners, he said: “In terms of segments it is the Retail/FMCG , where there is huge lack of skilled workers and in case of Telcom which grows at a rate of 20 to 30 per cent there is lot of scope. P. Kishore Founder Chairman of Everonn System, spoke about the transformational changes that were brought through the technology platform across the rural schools in India. And also about the huge opportunity at the educational sector where the rural and the urban gap could be bridged through technology training and exposure.
The Australian Mission is focused on developing mutually beneficial business relationships, through showcasing Australia’s niche expertise and capabilities in training and skill development for the Indian Market. This corporate training mission was supported by the All India Management Association, National Institute of Personnel Management and National HRD Network and South Asia Australian Trade Commission.