New Delhi: The IT industry lobby NASSCOM on Thursday sought the liberalisation of education sector and said allowing corporates would ensure the development of better industry oriented graduates with specific skill sets.
"The education system should be liberalised and allowed to run like a corporate entity like the health sector. This will bring in more investments also," NASSCOM President Kiran Karnik told a press meet during an 'HR Summit' in Chennai.
"We can become an international hub for education. Open up the system and allow equivalents of IITs and IIMs to be set up. We will get international students here, instead of our students going abroad and spend $three billion for education in foreign universities. In fact, we can generate $10 billion if such institutions are set up," he said.
He said long-term changes in the education system were necessary. "Substantial reforms are necessary. We need a system by which curriculum can be periodically and regularly updated than updating it every three or five years."
While availability of talent was not an issue at all, suitability to jobs was a problem with the industry, he said.
NASSCOM Chairman Lakshmi Narayanan said accounting and legal services outsourcing were emerging as good opportunities
"The Indian talent pool can make a difference in these areas. We need managerial, base talent to help it grow."
Karnik said NASSCOM has come out with a benchmark test like the GRE, which would help companies identify suitable talent to be recruited. The test, NASSCOM Assessment of Competence, has just been started and will be rolled out in five to six states very soon, he added.
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