Aerospace outsourcing - the next big boom
Archana R D
21 February 2005
After courting triumph with BPOs, India is perched to become an answer to the outsourcing hub for global aerospace companies. The Indian advantage being, 'the low-wage-high skills' engineers that it offers.
The fifth annual AERO India 2005 air show that ended on last Sunday at Yelahanka airbase in Karnataka, billed as the largest in South Asia, saw an increase in the number of deals between Indian and foreign aerospace firms. More than 240 civil and military aerospace firms from 31 countries attended the trade fair. The concluding theme of this year's event was the technology and knowledge capital that India offered to the global aerospace industry.
| About AERO India 2005 The Indian Air Force base at Yelahanka (AFSY) is a training base for pilots of IAF and the Indian Navy, but its infrastructure and facilities are used for this prestigious air show. Bangalore is fast becoming one of the major international hubs of the aviation and aerospace industry besides the IT sector. |
Aerospace bigwigs like Boeing, Airbus, GE Aircraft Engines, Pratt & Whitney, Goodrich and Dunlop has 85 per cent of their turnover coming from oversees business. In 2003, India earned an estimated $2.3 billion from offshore business process outsourcing which was more than 80 per cent share of the global market, according to US-based analyst firm Gartner. The trend of outsourcing is definitely on an upward swing as international companies preen at the best offers in Indian IT market.
