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Mumbai:
Infosys will more than double investment in training to Rs1,600 crore as it ramps
up seating capacity and adds to its talent pool amidst a general shortage of manpower
in the industry. The
Nasdaq-listed computer services major topped the 2006-07 hiring chart with 30,946
employees amidst a scramble for talent in the industry. "We
aim at hiring 24,500 for this year (gross number without attrition)," said
the Bangalore-based firm''s HRD head T V Mohandas Pai. Infosys,
which expects $4 billion in revenues this fiscal, is banking on a renewed focus
on training to support its future growth. The company is making substantial investments
to create a scalable training engine at its sprawling global education hub in
Mysore. "Our
total investment (in training) will be around Rs1,600 crore when completed this
year", Pai said. Infosys
currently can train 4,500 at a time and has invested Rs600 crore ($140 million)
on training last year. "The
Mysore hub will have training centres to train about 13,500 people in a single
sitting, 400 faculty cabins, 10,000 residential rooms and other facilities,"
Pai said. Pai
denied any dearth of talent at Infosys, India''s second largest software exporter.
He
said manpower shortage is not going to be a major constraint for growth for top
Indian IT companies provided they have large training
establishments. The problem is finding the right talent, he said. "They
need to be trained and require a lot of investment in training," he added."
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