Ashutosh Sinha reports from New Delhi on the shortage of middle and senior managers to help run India’s growth as the “back office of the world.”
According to consulting firm McKinsey, revenue of Indian companies in the two industries could reach $21 billion to 24 billion by 2008 — a 1,500 percent spike from $1.4 billion in revenue this year. These segments are forecast to employ over 2 million people.
But to achieve that kind of growth, Indian companies need experienced managers who can sell the country’s advantages to global companies. The shortage of employees with management experience doesn’t bode well.
Feels sorta like another gold rush, doesn’t it?
It’s not just about services either. See this report about India’s growing supercomputing hardware business.
The Pune-based Centre for Development of Advanced Computing (C-DAC) will be targeting some of the countries, which have already bought its earlier PARAM 10000 version with a computing power of 100 gigaflops. C-DAC has already sold about 7 PARAM 10000 supercomputers with 100-gigaflop memory to eight countries so far, including Russia, Canada, Singapore and Germany. It has so far sold over 53 supercomputers, since it started developing it in the Eighties following a technology denial regime against the country by the developed world. C-DAC will be targeting both domestic and international customers for marketing the Padma supercomputer, which can be scaled up to 16-teraflops.