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Industry Insight - Vocational Education & Training
CYGNUS Business Consulting & Research, Nov 2011, Pages: 155
With the economy becoming more specialised and the demand for better levels of specific skills increasing, vocational training has gained greater significance. Ironically, the country has a huge shortage of skilled people and this talent deficit is already hampering the growth prospects of manufacturing and services sectors. The major segments in vocational education and training business in India include the IT education and training, manufacturing (various trade related to Industrial Training Institutes) and hospitality management. Vocational educational in India aims to develop skilled manpower through diversified courses to meet the requirements of mainly the unorganised sector and to instill self-employment skills in people through a large number of self employment oriented courses. IT education and training business is estimated to reach at Rs48.96 billion in 2011-12. Based on the trends of employability in the industry, aviation management, retailing, BPO, healthcare deliveries and banking and financial sectors are the emerging segments. PPP model for improving the status of Industrial Training Institutes (ITIs) managed under the Government of India during 11th Plan Period (2007-12) has mobilised interest of some large size corporate groups engaged in manufacturing.
Industry Insight - Vocational Education and Training is prepared in view of the realised gap between the number of potentially employable people and corresponding training institutes available to train them. The structure of the report consists of total nine chapters giving overview of higher education, segmentation of vocational education, profile of successful IT training and finishing schools, growth drivers, critical success factors, issues and challenges and outlook. A special coverage is included for ITIs and case studies for major private parties’ involvement in ITIs. The report would be useful for potential investors interested in education sector, educationist, and analysts to keep track of potential opportunities in new investment areas.
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