Apart from the proposed IT finishing school in Mysore, another finishing school for banking and financial services (BFS) has been planned in Bangalore. | |
| Leading BFS firms like HSBC, Morgan Stanley and Deutsche have shown interest in the Bangalore finishing school, IT secretary M N Vidyashankar said in Mysore on Thursday. |
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| Vidyashankar told reporters, the manpower requirements of the banking industry will be 1.5 lakh and that of retail sector 90,000. The chief minister will open the finishing school in Mysore by the Raman International Institute of IT, with 5,000-student facility this year and to peak around 30,000-plus after three years. |
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| Madan Padaki of MeritTrack, a skills assessments company, has made a survey on employability of engineering graduates coming out of the state colleges. While employability in Bangalore is 38.4 per cent, it is 23.5 per cent in other places. Thus, the average is 30 per cent. The finishing school is the answer to bridge this gap of 70 per cent by training students in their skill-sets, Vidhyashankar said. |
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| The Karnataka government, he said, is aggressively promoting tier II and III cities for BPO firms as they provide cost advantage and have a lower attrition. Jindal is coming up with its first BPO in Hubli, while Bellary will have a 1,500-student facility of IT Soft Solutions. Both are set to open on June 10. |
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| Four majors "" Intel, AMD, FreeScale and HSMC "" have shown interest and Intel CEO Myers had visited Bangalore recently. HSMC has already made an offer. The state government is exploring these offers and one of them should invest Rs 3,000 crore in Mysore, he said. |
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| "Karnataka is getting 4-5 IT companies every week, in addition to 2.3 biotech companies. IT and BT together, it is more than one company per day. Bangalore can boast of certain facilities that even Noida does not have. The Nortel MD, who was in Bangalore recently had said that his company, which is thinking of expansion in a big way in Bangalore, was not going to choose a destination other than Bangalore," Vidhyashankar said. |
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| The next major expansion in Bangalore will be Bidadi, where the knowledge city is coming up close to the international airport. |
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| Of the 32 global tenders received for developing the Knowledge City on 10,000-acre area, 24 had been shortlisted and are being evaluated. The tenders will be finalised in about three weeks. |
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