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Leveraging quality faculty and cultivating trainers

Leveraging quality faculty and cultivating trainers. Click to add sub header. Kapil Garg. 17 October 2008. Legal Notice.

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Leveraging quality faculty and cultivating trainers

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  1. Leveraging quality faculty and cultivating trainers Click to add sub header Kapil Garg 17 October 2008

  2. Legal Notice Certain statements included in this presentation contain forward-looking information concerning BG Group’s strategy, operations, financial performance or condition, outlook, growth opportunities or circumstances in the countries, sectors or markets in which BG Group operates. By their nature, forward-looking statements involve uncertainty because they depend on future circumstances, and relate to events, not all of which are within BG Group's control or can be predicted by BG Group. Although BG Group believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Actual results could differ materially from those set out in the forward-looking statements. For a detailed analysis of the factors that may affect our business, financial performance or results of operations, we urge you to look at the “Risk Factors” included in BG Group plc’s Annual Report and Accounts 2007. Nothing in these results should be construed as a profit forecast and no part of these results constitutes, or shall be taken to constitute, an invitation or inducement to invest in BG Group plc or any other entity, and must not be relied upon in any way in connection with any investment decision. BG Group undertakes no obligation to update any forward-looking statements.

  3. Emerging challenges • Aging fields - need to maximize value. • Accelerated exploration yielding impressive results • (Deep waters, rig constraints) • New reserves (KG/Rajasthan) to come on production (2008-2009) • Gas sector enters “third growth” phase • Gas retail sector (CGD) set to grow • Unconventional gas resources exploitation • Supply security : • Maximize domestic supply • Equity oil and gas Energy supplies critical for India’s economic success

  4. What do we need ? • Technologies • Talented work force • Domestic and international Market • Strong collaboration • Government – Academia – Research Bodies – Industry • High quality education & training system • Institutions, Faculty, Labs, Linkages • Overarching policy framework • Understand professional preferences of gen-next • Positioning and visibility of sector

  5. Development of human capital – issues • Shortage of competent human resources • Lack of awareness of sector • High attrition rate • Serious shortfall of quality faculty • Inadequately equipped universities • Course curriculum requires changes • Slow change process at educational institutes

  6. Domestic pool of knowledge and expertise • Government and regulatory bodies • Educational institutions • Oil & Gas companies • Industry service providers • Linked other industries • Consultancy companies • Financial Institutions • Research set-up • (Public & Private – CSIR) • Research set-up • (Oil & Gas companies) • Retiring Staff Need to aggregate to develop a national pool

  7. How to address faculty issues • National level status paper required covering: • Requirement of HR over the next 5-10 years • Domestic and global market • Gap analysis • Institutions, Facilities, Faculty, Programmes • Specific strategies to fill gaps • Role of industry • Bilateral and multilateral initiatives • Leveraging Diaspora • Global universities • Communication strategies • Sector visibility • Funding requirements and support

  8. How to address faculty issue • Create a national pool of top line faculty • Create a national pool of industry professionals • Trainers , others • Create mechanism to benefit from retiring professionals (domestic and international) • Link up 1, 2, 3 above to: • Fill critical faculty gaps at universities • Coaching/parenting/mentoring of faculties to upgrade skills and competencies • Facilitate relationship between Indian and reputed global universities

  9. How to address faculty issue • Adopt International/US Model: • Dual Degrees- at different universities • Flexibility to choose core modules across universities • Industry- University Partnerships • Funding through corpus • OIDB + Industry + Universities

  10. Thank You

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