NIIT-Genpact launches NIIT Institute of Process Excellence

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Genpact (NYSE: G), which manages business processes for companies around the world, and NIIT , a leading Global Talent Development Corporation, today announced the launch of a joint venture - NIIT Institute of Process Excellence Ltd - to address the increasing demand for skilled workers in the business & technology services industry by providing training programs in relevant areas. The new company will initially offer training programs in areas such as business processes, language skills and business communication, and intends to add additional offerings in other areas including finance and accounting, banking, insurance and supply chain. NIIT Institute of Process Excellence is designed for students aspiring to build sustainable careers in the high growth business and technology services industry.

 

The joint venture was announced by Mr. Pramod Bhasin, Vice Chairman, NASSCOM and President & CEO, Genpact; Mr. Rajendra S. Pawar, Chairman, NIIT; and  Mr. Vijay K. Thadani, CEO, NIIT today.

 

Mr. Bhasin said, "This is a significant milestone that we believe will benefit not only Genpact, but the entire business and technology services industry. Genpact and NIIT are committed to building a world class training organization that will focus on developing talent and increasing employability to meet the growing demand for a skilled workforce in the countries where we operate."

 

Mr. Rajendra S. Pawar, Chairman, NIIT said, "Our new initiative will build a pool of 'global professionals' to fuel the growth of the ITES industry."

 

NIIT Institute of Process Excellence offers a solution to the business and technology services industry's growing need for a large talent pool skilled in business process knowledge. The industry has historically focused on voice-based processes and is now shifting focus to business processing functions. This shift is leading to a strong demand for professionals with relevant knowledge in addition to voice capabilities.

 

NASSCOM estimates indicate that the Indian business process outsourcing, or BPO, industry provided direct employment to 704,000 professionals in FY 2007-08, and is projected to generate an additional 1.4 million jobs by 2010.

 

Genpact and NIIT will combine their respective strengths to offer the industry's most comprehensive training curriculum for existing and potential employees of business services and technology companies. Genpact will provide industry-specific knowledge as well as internship and job opportunities to students. NIIT will complement this with its expertise in learning content development, training delivery, and its capabilities in education process management.

 

Sharing details about the training facilities, NIIT CEO Vijay K. Thadani said, "NIIT Institute of Process Excellence training programs will be offered to students through our state-of-the-art learning centers in key metros, mini metros and tier II towns in India, followed by China and the Philippines".

 

Training facilities in Indian cities-Gurgaon, Hyderabad, Kolkata, Bangalore, Chennai, Mumbai and Pune-will be set up in the first year of operations, followed by Dalian, Changchun, Shanghai and Xian in China, and Manila in the Philippines in the next phase. Genpact and NIIT expect the new institute to have over 250 learning centers by 2012.  

 

Sourced From: Genesis Burson-Marsteller