Australian institutions with India-based operations can employ local staff with Australian training qualifications, under a new scheme.
The Australasian Academy of Mentoring and Coaching (AAMC) has launched the 'Australian Vocational Education Training' scheme in Chennai, India, with the purpose of making local staff employable to Australian companies.
AAMC's managing director, Jeff Mazzini, told Australian Broker Online the scheme would benefit financial institutions, including the Big Four.
"An example of this is the four major banks are at various stages of expansion, along with many large Australian retail companies that are seeking to also enter that market.
"We are also working with companies who have existing back office or processing centres to help them up-skill and develop their people to meet the Australian regulatory, management and leaderships skills," he said.
Five major Indian organisations have backed the scheme. "They all understand that what worked today will not work tomorrow and continual education is the key to all."
Mazzini said an Australian-style education was seen as a valuable asset in Asian economies.
"It’s amazing how much our Asian neighbours to the north understand the true value of Australian education and the various business models that can be rolled out into their environments as well."