Minds Meet - ITES-BPO projections

Minds meet

Statesman News Service
KOLKATA, Dec. 23. — At the IIM-C Joka campus, Intaglio 2005-2006 was a meeting of minds, both from the industry and freshers from business schools across the world. McKinsey Talk Series lectures were delivered by Mr Noshir Kaka, a partner and global practice leader of Business Process Offshoring and Outsourcing practice of McKinsey and Company, and Mr Vipul Tuli, a partner in McKinsey and Company. “IT and BPO can power India’s progress,” Mr Kaka said. “We spent a long time with the Prime Minister, Dr Manmohan Singh, discussing what our research shows, that India’s offshore IT and BPO can contribute seven per cent of the GDP by 2010 and can account for over 44 per cent of exports growth over the next five years. The sector also has the potential to create 2.3 million direct jobs and over 6.5 indirect jobs by 2010. India has the capability to create the largest export industry in the world by 2015 in the IT-BPO sector,” added Mr Kaka, who has played a key role in the establishment of Indian Business School, Hyderabad.
Mr Kaka said that he had placed recommendations before the Prime Minister that he hoped would be considered for the forthcoming budget. “We have suggested: the development of Focussed Education Zones, much like SEZs, to improve the quality of higher education; decentralisation of higher education, we need at least 50 more institutions countrywide like the IIMs; the setting up of a National Student Funding Agency, which will make sure that students have the funds to access quality higher education; in the field of infrastructure, we need the creation of 10-12 integrated townships like Pune and Gurgaon, including international airports, roads and so on; lastly, we need to promote bilateral trade between India and the US and India and Europe,” Mr Kaka said.
In his lecture, Mr Vipul Tuli said: “Geographically, we are in the best possible location for access to gas, oil and coal. We are close to the Middle East and Central Asia and to Myanmar and Bangladesh. But to meet the energy crisis we have to deregulate and restructure the coal sector; strengthen logistics, roads, railways, and ports; focus on technological research; enable a unified government process.”
In the evening, women business leaders from top organisations took centrestage in Cicero’s Senate. The panel discussion was moderated by Dean, Programme Initiatives, Prof. Anup Kumar Sinha. The topic for discussion was Managing Changing Leadership Framework in Business.
All through the day, different B-school competitions were held.