Infosys, India’s leading software exporter has announced that it plans to spend $100 million in year 2006 on in-house training in view of the acute technically skilled people shortage in outsourcing industry.
“The limiting factor to growth going forward will be the (lack of) availability of trained manpower, not infrastructure,” Dow Jones Newswires quoted T.V. Mohandas Pai, head of human resources at Infosys, as saying.
“There is war for talent,” Pai added.
He explained, India’s information technology sector will require at least 1 million professionally skilled software graduates over the next three years.
Company did not provide specifics on how the it would use the money for training.