Bangalore based NextWealth Entrepreneurs plans to help entrepreneurs to set up rural business process outsourcing (BPO) to generate employment for 1,000 youth by 2010 and 10,000 jobs by 2012-13.
Mythily Ramesh, chief executive officer of NextWealth Entrepreneurs, said, There is hardly any employment for rural colleges and most of them are forced to migrate to the big cities for jobs. However, with rural BPOs taking off in two centres and more likely to follow in the coming months, there is a huge opportunity for rural folks to work from these centres.
NextWealth aims to help social enterprises access technology, capital and market contacts to set up such BPOs.
NextWealth has already helped start two rural BPOs in Mallasamudram, which is about 25 km from Salem in Tamil Nadu. The second one is at Yelagiri Hills, on the Hosur Road heading towards Krishnagiri. While the others to follow are on the outskirts of Hubli-Dharwad in Karnataka, Chittor in Andhra Pradesh, Manjakudi in Tiruvarur District of Tamil Nadu and a sixth BPO coming up near Rajajinagar in Bangalore.
In most of these places, the major occupation of the people is textiles (mainly, weaving), followed by agriculture. Mallasamudram has several colleges including an engineering college.
These centres offer tutoring process and content monitorisation for customers in the US that is done over chat. These centres have no night shifts and are not voice-based, but only back office operations, Mythily said.
Technology entrepreneur Sridhar Mitta, former CTO of Wipro Ltd, and now the managing director of outsourcing firm e4e Business Solutions India, is also a founder of NextWealth Entrepreneurs.
According to Mitta, a number of employees from large MNCs are keen on setting up such centres in their native towns and NextWealth is helping in the process. The initial budget for setting up a BPO centre is about Rs 50 lakh for a 200-250 seater centre and the employment is easily available, said Mitta.