Onspec Technology Solutions Private Limited, a subsidiary of US-based Onspec Technologies, opened its 23rd ELMAQ.edu software training centre in India at Visakhapatnam on Saturday. The company plans to open 30 more such centres across the country this fiscal. |
Speaking to mediapersons, SV Vasudevan, director (business relations), said that the company was contemplating setting up 30 more ELMAQ.edu centres across the country during the 2006-07 financial year, with the majority of them planned for the southern states including Kerala. |
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"Depending on the location, our partners will invest Rs 10-20 lakh in each centre," he said. Onspec currently operates 23 ELMAQ.edu centres in Karnataka, Tamil Nadu and Andhra Pradesh on a franchisee model. |
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Vasudevan said the company was expecting to garner Rs 7 crore revenues from software training this fiscal, as compared to Rs 2.6 crore earned in 2005-06. |
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"We have signed MoUs with about 25 major IT companies including Infosys, Satyam and Wipro. So, most of our trained students will get placements in major companies," he said. |
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He said that around 4,000 students were trained in the ELMAQ.edu centres in the last two years and 75 per cent of them got placements in different organisations. |
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"We offer both short-term and long-term courses. This year, around 5,000 students are expected to get admission in our centres," he said. |
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