Bangalore:
Outsourced engineering services is fast emerging as a potential growth opportunity
that Indian software companies should tap, says Nasscom. Engineering
services include product design, process, plant automation, and enterprise
asset management services. These services find application in a variety of
domains. Addressing the media in Bangalore Nasscom officials said that providing
engineering services to overseas clients promises a huge business opportunity
for Indian software service exporters. According
to S Ramadorai, chairman, TCS, who is also the current Nasscom chairman, several
MNCs have adopted hybrid sourcing strategies and are working with outsourced
vendors, in addition to the work done out of their captive units. Nasscom
estimates the present market potential for outsourced engineering
services at between $7 billion and $12 billion, while the value of work currently
undertaken by vendors in the country is estimated between $400 million and
$500 million.
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