labels: industry - general, nasscom, it news
Outsourced engineering services is new growth opportunity: Nasscom news
Our Infotech Bureau
21 June 2005

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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Outsourced engineering services is new growth opportunity: Nasscom