Despite the immense potential, the translation industry in India, estimated at about $500 million, is wobbling and still remains unorganised, mainly due to shortage of quality resources and lack of professionalism.
FC spoke to a few industry players who attributed the status of industry, in addition to other factors, to lack of aggressive plan of action from government side.
The industry has maximum demand for foreign languages like German, French and Japanese as also Indian ones including Hindi, Marathi, Gujarati, Bengali, Punjabi, Urdu, Kannada and Tamil. However, lack of skilled professionals is the biggest problem.
Sandeep Nulkar, chairman and managing director of Pune-based BITS, said, “We have turned down a lot of projects as we couldn’t find the right people for the assignments. Even 20 per cent of the industry demand is not being met.”
Full report here Financial Chronicle