Benefits Of Partnering With STG

INDUSTRY FOCUS

Indian ICT Industry

According to recent NASSCOM estimates, the Indian ICT industry will contribute 7% of the country’s GDP by 2009, providing direct employment to more than 2.2 million people and indirect employment to nearly twice that number.

The Indian IT software and services market is expected to grow to US$50 billion by 2009, recording a CAGR of 27%A recent study by NASSCOM indicates that the demand for Information Communication Technology (ICT) knowledge workers is going to outstrip supply, creating a major gap in the coming years. An estimated 1.1 million IT workers will be required by 2008, as compared to the current supply of 8.5 lakhs professionals. The numbers are expected to jump substantially and grow into a vast need by 2012.By 2012, analysts say, India will have a requirement of around 5 million new IT/ITES jobs However NASSCOM estimates suggest that the supply of skilled IT manpower may fall short of requirements by 2009, if specific issues are not addressed and India’s HR challenges successfully met.

Industry surveys have also shown that while India is expected to be one of the few manpower surplus countries capable of meeting global requirements, the manpower is unlikely to be readily deployable on account of ineffective education and skills development.

A 2001 World Bank Study on Science and Technology Manpower in India, had shown that generic shortcomings in India’s education system, would be a hurdle in the path of quality ICT manpower development.

According to the study, the Indian ICT sector would face the manpower challenges:

*Inability of the IT services and ITES –BPO industries to maintain and share common infrastructure facilities across institutions.

*Shortage of skilled faculty for providing relevant, industry-oriented training.

*Inadequate industry exposure.

*Increasing discrepancy between the education focus and the quality of skills developed at top –tier educational institutions and other private and public centers of learning.

*Lack of correlation and synchronization between the existing technical education system and industry requirements –absence of adequate academia-industry linkages.

*Rigidity in the curriculum and evaluation system.

IThe IT industry grew at a rate of 14% in the year 2005-2006 and the training market size was pegged at 1,453 Crores.

However, while the IT industry in India is growing at a scorching pace and India is witnessing an IT revolution rapid automation however creates a tremendous need for relevantly skilled professionals who can spearhead IT implementation within their organization. In the globalized environment where new products are hitting the market with great frequency and new technology developments have become a business compulsion in order to enhance productivity and better turnaround time, training has become a crucial part of the technology deployment cycle.

Enter STG-A Leading IT services and Advanced Software Education organization.

STG is a pioneer in high end software training in India focusing on the training needs of aspiring and practicing software professionals in current and emerging technologies. STG is committed to bridging the gap in demand and supply of knowledge workers by providing relevant, industry ready professionals and enabling India to sustain its IT manpower edge in the global markets.

STG has set itself firmly on the path of being the top most learning organization and its core competency lies in its delivery excellence on cutting edge platforms and technologies.

STG offers a unique learning experience backed up by its renowned training methodology, cutting edge content, world class infrastructure and a customer-centric attitude

As an STG business partner, you will be presented with an irrestible opportunity to benefit from the growing IT industry. At STG; we have thoughtfully designed courses to cater to the needs of both the practicing and the aspiring professional.

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