Mumbai: IndiaCan, a 50:50 joint venture between New Delhi-based learning solutions company Educomp and UK-based Pearson, will set up more than 100 vocational centers next month. These upcoming vocational centers will offer vocational courses on sales, basic IT, accounting, retail and spoken English. Of this, 40 centres will be owned by the company, while the rest will be on a franchisee-based model.
According to a report of IDFC-SSKI, the vocational training sector in the country earned revenue of Rs 8,706 crore in 2009. It has been growing at a compounded annual growth rate of 25%. The sector is highly fragmented with many small and big players in the country, with NIIT being the most prominent. Keeping in mind the demand of the market and in order to cash in on the growing vocational education sector, IndiaCan has initiated to open vocational centers in the India.
Sharad Talwar, IndiaCan CEO, said that IndiaCan’s education centres will be spread across tier-II and tier-III cities, and the course will last between three and six months. There is huge demand for sales, IT and retail professionals at the entry levels. He also added that the company plans to tap into the growing pool of such plain graduates, who lack the resources to go for long-term courses in business management or IT. Further, he mentions that for an entry level job of about Rs 2-3 lakh per annum one does not need to go for a specialized programme.
