01) Indian Government plans Indian Institute of Corporate Affairs
The Ministry of Corporate Affairs has announced plans for setting up an Indian Institute of Corporate Affairs (IICA) near Delhi. The new institution, coming up at an estimated cost of Rs 211 crore, is envisaged as a partnership project with IIT Kharagpur. The new institution will function as a think tank for the ministry of corporate affairs. It will have five centres including centre for knowledge investors, education centre and professional development centre. IICA board will consist of 10 - 15 government nominees and the rest will be from professional institutes and corporate houses.
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02) Inaugural IIM-C PGPEX-VLM programme nears completion; participants to visit Japan
IIM Calcutta, in collaboration with IIT Kanpur and IIT Madras had launched a unique Joint IIM-IIT One Year Post Graduate Programme for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM) in August 2007. The Programme draws support from the Government of Japan by way of deputation of Japanese faculty and industry experts. The one-year Post Graduate Programme for Executives for Visionary Leadership (PGPEX-VLM), conducted by Indian Institute of Management Calcutta (IIM-C), is nearing its successful completion. Participants are getting ready for the international study visit early July where they visit facilities of Japan Honda Saitama Factory, Kao logistics center, Hino Motors, Sharp, Yao factory, Patlite, Kasai Recycling Systems, Toyota, Panasonic House of History, Panasonic HRD College, and Toyota commemorative museum of industry and technology.
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03) Booming Indian Hotel Industry Faces Manpower Shortage
India's hospitality industry is booming. Hundreds of hotels are expected to open in the next few years. Major U.S.-based international brands, such as Hilton and Marriott, have announced plans to invest in India. But recruitment may be a problem as the industry is facing a severe shortage of skilled manpower. The Indian travel and tourism sector is currently a $100 billion industry. The World Travel and Tourism Council says that over the next decade the size of the industry will nearly triple. Business visitors and tourists to India are surprised to frequently find no room at the inn. And when there are vacancies, the rates at the better hotels rival or exceed those found in New York, London or Tokyo. That is because there is typically a demand nationwide for nearly a quarter of a million rooms, far beyond the 90,000 currently available. Staffing those hotels is a constant challenge for hoteliers. India's government-run and private sector hotel management institutes train more than 10,000 students each year. But the supply can hardly keep pace with the demand. Industry analysts estimate that by 2012, just the premium slice of the hospitality industry in India will require more than 50,000 trained employees. For more information click here
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04) Polycom eyes growth via learning tie-ups
US-based company Polycom has tied up with various State-sponsored tele-education initiatives in India. Tele-education has been gaining momentum worldwide and it is only a matter of time when India will opt for it in a big way. The billion-dollar company is looking to reach out to small and medium businesses with its range of video and audio customer premise equipment. The e-learning market in India is estimated to be about $3 million, with a growth of 17-18 per cent annually. In this scenario 'virtual classrooms' will provide the answer to the paucity of trained teachers in India. According to financial services major Credit Suisse, the country has about six million qualified teachers for a targeted education market of 460 million people aged between 5 and 24 years. This means a teacher to student ratio of 1:75, way below the international average of 1:20.
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05) Entrepreneurs looking to tap pvt education space
India has one of the largest higher education systems in the world, with nearly 16,000 colleges and five lakh teachers. Yet, 30% of those seeking higher education are enrolling into private institutes with no government grant. It's this big opportunity in the private education space that many entrepreneurs are now looking at tapping. The market is growing at over 50% annually, a market that is only getting bigger with approximately 20 million new recruits added to the workforce every year.
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06) Indian students opting for new career choices, modules in foreign varsities
New patterns are emerging in the higher education choices of Indian students seeking admission to universities abroad, even as the volume of student traffic from India to Europe, America and Australia races northward. A growing interest has been observed in transfer admissions and undergraduate studies abroad. There is also a gradual shift from traditional courses to technology-driven and career-oriented modules. A transfer study programme is an academic module that transfers credit from a four-year degree-granting academic institution not affiliated to a university in the US. Students now want to keep their options open so as to switch from one field to another. Students were choosing more inter-disciplinary programmes and experimenting with diverse subjects. Indian students apply to a range of schools and colleges in different states of the US. Their choice of school not only depends on the field and level of study that the institution offers but also several other factors. As per a USEFI spokesperson, for the past several years, California, New York, Washington, Texas, Massachusetts and Florida are among the leading states that Indian students are opting for.
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07) E-learning is the need of the hour in India
E-learning is the need of the hour in India. More than 50% of India's population is under 25 yrs of age. With universities introducing online distance-learning programs, e-learning is the latest boom in India. Three years back there were hardly any online programs offered compared to the numerous e-learning initiatives that have been floated today. Even professional bodies like ICSI (Institute of Company Secretaries of India) have started offering online programs. Online education/training has proved to be successful in areas like pre-recruitment training for Insurance Agents, Certified Financial Planners, MBA programs etc. E-learning enables the distribution of quality education easier, faster, in a more convenient manner and facilitates content customization at the same time. The Indian e-learning market is still at a nascent stage and is far behind when compared to those in developed nations. There is an acute need for e-learning solutions at all levels, be it at schools, colleges, universities or corporate houses. India is ready for e-learning, with its young, tech-savvy population. However, Internet penetration leaves much to be desired. We must quickly lay down standards/policies, release frequencies for the latest technologies.
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