India is likely to capture around 15 per cent of the over $54 billion knowledge process outsourcing industry worldwide by 2010 from 5 per cent now, the ministry of communication and IT said.
"The estimated KPO market globally amounts to about $54 billion (as of 2005). India is aiming at capturing 15 per cent of this market by 2010 from existing 5 per cent," Jainder Singh, secretary IT, said at a conference organised by IIFT and Nasscom in New Delhi.
He said to achieve this target the Department of Information Technology has initiated a special manpower development programme for VLSI design.
"Skilled manpower and multi-lingual capabilities with low cost of labour can help the country emerge as the front runner in the KPO industry globally," Singh said.
He said by developing the potential in the KPO industry, India would be able to help companies globally maximise their savings through offshore operations.
Highlighting the emergence of Bioinformatics as a dynamic area, Singh said, "biotech business in India has the potential to generate annual revenues of $5 billion and 1 million skilled jobs by 2010."
DIT has already proposed the establishment of a centre of excellence for carrying out research and generation of high-end manpower in bioinformatics, he said, adding an autonomous society of DIT has also been conducting courses in this area.
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