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BUSINESS NEWS ARCHIVE 2007
 
 
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  Business News Archive 2007 -> 'BPOs no longer career choice for Indian youths'  
 
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2007 ARTICLES

Vikram Pandit named Citigroup CEO (12/07)

British consumers victims of credit card fraud in India

Vodafone to outsource jobs to India (12/07)

Scottish Asian Business Awards 2007 (12/07)

Asian Businesses key to London's Economy (12/07)

Tata wins key union backing in Jaguar, Land Rover sale

Going global, Indian firms create jobs in US (11/07)

Hindujas on billion pound spending spree in UK

Jagriti Yatra 2007 searchs for India's real heroes

Vijay Mallya foraying into luxury retail segment

The Indus Nano-Tech Association launched

Entrepreneur Reuben Singh declared bankrupt (11/07)

Killer fire at Asian-owned warehouse (11/07)

Microsoft signs $500-mn IPTV deal with Reliance

National mission to make India a global nano hub

Jet Airways targets $3 billion revenue in 3 years

Hindujas to expand hospital business (10/07)

Indian stock markets break all records (10/07)

Cisco to triple headcount to 10,000 in India (10/07)

Child labour in Delhi forces 'Gap' to withdraw clothes

Cobra Beer bets high on India (10/07)

British NHS patients favour India for treatment (10/07)

Mukesh Ambani soon to join world's 10 richest (10/07)

Indian handicrafts: weaving their way to slow death?

India to set up centralised drug licensing authority

'BPOs no longer career choice for Indian youths'

GVK launches centre for US Pharms Giant, Wyeth

India to tap funds in Britain for infrastructure (09/07)

India not easy to do business in: World Bank

Don't fret about Wal-Mart: Lord Swaraj Paul (09/07)

Vijay Mallya wants India racing on F1 tracks (09/07)

India most acquisitive of emerging economies

Globalisation is two-way traffic: Azim Premji (09/07)

Indo-British bilateral trade up 30 percent (09/07)

Hero Group buys Scotland's top call centre operator

Indian Ruling against Novartis a victory (08/07)

Founders quit as Goldshield settles NHS claim (06/07)

Ethnic Minority Business Task Force Launched

Female wealth creation driven by business success.

Barclays launches retail banking in India (05/07)

Sanjeev Shah to head Fidelity's Fund (05/07)

Indian Nano-Tech business starts in the UK (05/07)

Punjab National Bank launches in the UK (05/07)

Asian Business Awards 2007 (05/07)

Indian Biotech sector to be $5 bn industry by 2010

A business school for India's rural women (05/07)

UK customers unhappy with Indian call centres (05/07)

Uganda woos Indian investors, says Indians safe

Reliance Money enters gold retailing business (05/07)

Mayor rejects UK Post Office privatisation (04/07)

Vedanta buys Sesa, India's largest iron ore producer

Infosys targets $4 billion revenue in 2008 (04/07)

Jet buys Sahara for Rs.14.5 billion ($336 million)

GSK signs outsourcing deal with Indian Firm (03/07)

India's biotech industry emerging as world innovator

Patak's up for sale at £200 million (03/07)

Cobra Beer to set up two breweries in India (03/07)

Lloyds TSB launches Muslim Business Bank Account

Dr Reddy's eyes generics arm of Merck (02/07)

UK retailer Argos set to enter India (02/07)

Bharti & Wal-Mart close to a Cash-&-Carry deal (02/07)

Vijay Mallya to buy Whyte & Mackay (02/07)

Vodafone acquires Hutch Essar in India (02/07)

1000 strong network of women entrepreneurs

64% of Business retirees have no exit plan (02/07)

Small firms to get I.P health checks (02/07)

Indian entrepreneurs riding wave of innovation (02/07)

India's Global Services Economy (01/07)

First Asian Woman CEO of a FTSE Company (01/07)

Tata finally acquires Corus at 6.08p/share (01/07)

Gita Patel's Trapezia Fund hits £4.5M target (01/07)

Bank for India's Rural Women: 10th anniversary


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'BPOs NO LONGER CAREER CHOICE FOR INDIAN YOUTHS'
New Delhi, October 7, 2007 (IANS)

Indian Call Centre OperatorCareers in BPOs (Business Process Outsourcing) and call centres are no longer hot options for Indian youth and these sectors will face the toughest manpower challenge yet in the next two years, says a study. The outsourcing industry is already facing an attrition rate of 25-30 percent as youths are shifting to more promising areas such as hospitality, aviation and retail, says the Associated Chambers of Commerce and Industry of India (Assocham).

In two years, it will face a shortage of 30-40 percent, the industry lobby said, in a study entitled "Urban Youths' New Emerging Choices for Career Making," that was released Sunday. "A majority of 12th standard pass-outs earlier seeking opportunities in BPOs and call centres are now curious to join other leisurely yet attractive areas," said Venugopal N. Dhoot, president of the chamber.

He listed the attractive areas as animation, journalism, designing of apparel and jewellery, entertainment, aviation, hospitality and retail. He said tough working conditions and lack of job security were the reasons for the switch. "Working conditions and lifestyle seem to be much more moderate and regulated in areas of aviation, hospitality, retail, animation and the like," Dhoot said, and added pay packages and incentives in them are also perceived to be better.

Assocham also found that institutes running various call centre courses were also facing the heat and witnessing a shortfall of 15-20 percent students in their academic sessions. The chamber estimates that in the national capital territory alone more than 250 institutions were imparting training programmes and courses in areas of aviation, hotel, retail management, animation, designing and journalism.

"The aviation sector would be able to lure maximum students in view of domestic and overseas travel opportunities and is growing at a whopping 30 percent per annum and will be able to create over 200,000 jobs by 2012." This industry is expected to add 140 aircraft to the current fleet of 270, which will create the demand for a large pool of skilled professionals, especially for flight dispatchers, cabin crew, airline managers and airport managers.

In hotels, young students see the scope to start their career with leading five star hotel chains all over the world. Over 95,000 trained hands will be needed by the hotel industry in the next five-six years, the chamber said. The retail trade industry too is not far behind, says the chamber, adding that various training institutes, distance learning centres and deemed universities were coming up with specialised courses for this sector.

"Out of over 200,000 jobs by 2012 in this sector, 40 percent will be captured by urban youths in the next two-three years in view of the 250 malls being developed by realtors for large retailers to display their products," the chamber added.

In news and entertainment, the entry of foreign news agencies and electronic media has ensured higher pay and opportunities, attracting youths at all levels. They are accordingly moving towards journalism, especially television. Similarly, the FM radio boom has also thrown open a number of avenues for the young. The profession of radio jockeying has taken off and the demand for them will shoot up, as over 10 new FM channels will launch in the coming years.

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