NIIT, Genpact form JV; to impart IT training

Just read on Economics times, one time rivals have joined hands in a JV to impart IT training. BPO firm Genpact and IT training institute NIIT today joined hands to form a new venture - NIIT Institute of Process Excellence -- which will offer training in business process services where the training institute would have 75 per cent stake and BPO major would have 25 per cent. The two firms would invest Rs 25 crore in the first phase.
The first centre would come up in Gurgaon in September this year. Both the companies expect the new institute to have over 250 centres by 2012.
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