The present paper considers the increasing impact of information and communication
technologies (ICT) and the associated rise in E learning which is now recognized world over for
transforming training and learning. As with the other segments in the IT industry that have been
greatly impacted by the revolutionary changes taking place in the areas of technology, the training
market too is getting affected by some of the new developments. Advances in technology are
altering training delivery. On-line learning is the next generation tool that has already started
developing its roots in India. It is expected to allow both corporates and the Government to
deliver state-of-the-art training to company personnel, students, academicians, researchers and
home workers, and enable them to create the kind of skilled computer workforce required for the
next millennium. Consequently, learning with technology has been realized by organizations as
an innovative form of training. Online training comes with certain limitations; there are issues
and challenges related with this form of training. Organizations need to weigh the cost and
benefits in order to make use of the latest form of training. Research implications for policy
formulation on part of the government, planners, academicians, technocrats and other
stakeholders is also discussed.