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Follow on Google News | World-class Skill Development Programme is a Positive InitiativeLondon, Friday, February 29, 2008 -- ARANCA NEWSTRACK – (aranca)
By: Aranca In an interesting initiative, the Finance Minister has allocated a budget of Rs. 15,000 crore for creating a non-profit corporation aimed at creating world-class skill development programme in India. When compared with a total outlay for the education sector (including NER) of Rs.34,400 crore for 2008-09, this is significant. While the details on the actual contours of this initiative and the charter for the corporation are still unknown, this programme seems promising especially for talent-starved knowledge-driven companies and research companies. “With nearly 225 million people in the age group of 10 -19 years, most of whom are likely to join the active work force in next 3-5 years, the need for providing skills other than pedagogical cannot be emphasized more,” said Madhusudan Rajagopalan, Director, Aranca India Operations. “If we want to benefit from the $12 billion knowledge process outsourcing opportunity, then we need to have a nation-wide programme focusing on skill development that turns graduates and post-graduates into employable resources for world-class research work,” he said. About ARANCA Aranca is a global provider of end-to-end financial and business research, and valuation services. Our research is fully customized to the specific needs of our clients. Aranca has a client base spread across North America, Europe and Asia. We have client facing offices in San Francisco, New York, London, Brussels and offshore research delivery centers in Mumbai, India. Our clients include global brokerage houses, independent research firms, hedge funds, fund managers, investment banks, corporate finance boutiques, M&A firms, private equity and venture capital firms among others. To know more, write to info@aranca.com. For more information, please contact: Srinivas Macha +91.22.4005 2219 srinivas.macha@ # # # About Aranca Aranca is an end-to-end provider of on-demand, investment, business and economic research, and valuation services to global clients. Our unique blend of market knowledge,flexible servicing models, quality assurance standards and offshore operations reward our clients with high quality, scalable, cost-effective research and valuation services. With client facing offices in San Francisco, New York,London, Brussels and Mumbai. syndicate@aranca.com Website: www.aranca.com End
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