UID project to create 3.5 Lakh new jobs
By siliconindia   |   Friday, 07 May 2010, 19:56 IST   |    20 Comments
Printer Print Email Email
UID project to create 3.5 Lakh new jobs
Mumbai: The new project from Unique Identification Authority of India (UIDAI) will provide an identity to over one billion Indians. As a result it will also grant estimated 3,50,000 new jobs. This super project is expected to result in a commercial opportunity of $20 billion in the first five years and after that, $10 billion annually, making it one of the largest projects not only in terms of scale, but also in revenue potential, reports N Shivapriya from The Economics Times. "An early success should kick-off a virtuous cycle, making Unique ID project (UID) numbers a catalyst for transformation in India. Can a number change a nation? We believe it can. In impact, the UID project is unprecedented in its ability to directly address many flaws in India's social infrastructure at its very roots, and also in its potential to catalyse corporate-sector participation (and even innovation)," said Anirudha Dutta, Deputy Head of India Research. The revenue is expected to flow in a phased manner. According to the reports in the first phase the revenue opportunities will be for consulting, IT services, business process re-engineering (BPR), hardware and training and maintenance. Whereas handset makers, mobile payment services, market analytics and business intelligence services, and hardwares will generate it in the second phase. In the third phase, the potential revenue opportunity for targeted marketing could be in the region of $12 billion per annum. Other than software and hardware providers, telcos and banks will be big beneficiaries. Telcos stand to gain 60 million new subscribers, $4.5 billion in mobile payments, and $2 billion in average revenue per user (ARPUs) and handset sales, while banks stand to gain 125 million new bank accounts from the existing figure of 240 million unique account holders. Each of these is expected to create more jobs in areas like systems integration, training and analytics, spurring demand for roles like systems specialists and programmers, and jobs associated around business process engineering.

siliconindia