Saturday, February 19, 2011

Opportunity for SMEs in the Vocational Education Space: India Shining

The nearing budget 2011 has become the hot topic of discussion all around. Questions are being raised on the budget offerings for the emerging Indian economy. Each industry has its own set of demands/ needs and requirements.

For the SMEs its all the more crucial, as they are the one's who are creating a strong economic background for the emerging India. Hence they require all possible support to grow to the next level.

What are the new opportunities knocking on the door?
Recently, a major conclave 'National Vocational Educational Qualification Framework for Media and Entertainment Industry' happened in Delhi with Mr. Kapil Sibal, Hon’ble Minister of Human Resource Development, Communications & Information Technology. On participating, we realized how the government is working towards increasing the scope for vocational education in India.

The change: The Opportunity
The objective of the event was to hear from the horses' mouth, the media and entertainment fraternity in India, to create a framework to formally integrate vocational education with current educational streams across schools and higher education space and provide an opportunity and incentive to students to explore the large universe of possibilities.

Many industry leaders present there agreed to the fact that such a step will not only meet the needs of millions of youth who aspire to join the emerging and evolving media and entertainment industry but also meet the human resource requirements of this talent-intensive industry in the coming years.

Education in India has always been focused towards creating an Engineer or a Doctor of a child. In the recent times as talent has emerged across domains, there are opportunities emerging which were not really considered mainstream.

Source: http://www.verparaaprender.com/wp-content/uploads/2011/01/Vocational-Academic-Integration.jpg

Vocational education, mainstream!
For many entrepreneurs, this sounds like an opportunity. The Government is open for creating new partnerships, exploring exciting avenues and building new possibilities in the field of vocational education.This will further the cause of shedding light on many talent intensive industries which actually require mastery and need resources.

In tids and bits companies are doing their own training programs to raise and sustain talent. As the industry is yet not regularized, there lies a great opportunity for SMEs/ emerging entrepreneurs to create industry specific, tailored programs which generate value for the industry at large.

Vocational education - Talent development - Talent Acquisition
For the entrepreneurial minds, the burgeoning Indian education market is an opportunity to cater to. There have been many success stories in the recent past which have shown the power of this industry and its potential.

With the government opening their doors to discussing ideas and opportunities on building vocational education for the mainstream in India, there are underlying opportunities which many entrepreneurs can build upon while working in many models like PPP( Public Private Partnership).

Developing, acquiring and retaining the right talent has always been a pain area for the industry at large and the opportunity to address the same has come at the right time for the seekers. The industry and the emerging companies which can work closely with well qualified experts to deliver custom programs which generate certified professionals.

If you are passionate towards addressing this pain area, wish to add value to the future Indian talent and create possibilities for the industry at large, this is just the right time to explore opportunities in the education sector and add onto the success stories.

IndiaMART Knowledge Services is always committed to be the enabler towards growth for the emerging Indian SMEs. Drop in your comments to this post to connect with us

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