Global-O&O

SOURCE: Daily News and Analysis

DATE: June 12^th, 2008
ARTICLE

Genpact, a back office company, and NIIT Ltd, the country’s major computer education firm, said their new joint venture, NIIT Institute of Process Excellence will provide training programmes to skilled workers in the business and technology services industry, or popularly known as IT enabled services (ITES).  The New Delhi-based NIIT will be 75% stakeholder in the JV and the companies are jointly planning to invest Rs 25 crore in the first year of operations.  Genpact and NIIT expect the new institute to have over 250 learning centers by 2012. Genpact will provide most of the content for the training programmes with other partners pitching in their modules.  Trade body Nasscom expects Indian BPO industry to generate an additional 1.4 million jobs by 2010 and the JV is targeting to get a share of that pie.  Vijay Thadani, chief executive officer, NIIT said they are not looking to sell their 25% stake in their group company NIIT Technologies, a software services firm. 

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