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Engineering services companies want the
government to set up parks or 'test laboratories'
on the lines of Software Technology Parks
of India (STPI). The idea is to promote
the exports of engineering components and
services akin to software exports.
The need to go global and establish' engineered
in India' as a brand was flagged at a Nasscom
seminar held here. Engineering services
outsourcing will be the next big wave after
IT and BPO outsourcing according to industry
experts. They estimate that a branding exercise
would help Indian companies to grab a big
share of the estimated $50 bn offshore engineering
services market by 2020. According to a
study by Nasscom and BoozAllen and Hamilton,
the spending on global engineering services
stood at $750 bn in 2004. It is projected
to increase to $1.1 trillion by 2020. This
translates into an additional $ 50bn opportunity
for the Indian IT industry by 2020 - accounting
for around 25 % of the total engineering
services offshored.
" The revolution that happened in
the IT industry earlier is all set to happen
now with the engineering industry in India.
STPIs have played a crucial role in building
the IT services business. Hence, we want
Nasscom to take up an initiative with the
government to start 40 to 50 test laboratories,
similar to STPls all over the country. This
will take engineering to an entirely new
level. There is a huge opportunity for engineering
services companies in almost all spheres
such as manufacturing, automotive, aerospace,"
said Ketan Bakshi, CMD, Neilsoft Ltd. The
participants also discussed the I need for
a push to the manufacturing sector for the
healthy development of engineering services
companies. "Apart from the need I for
a strong inter-industry interaction, we
want the manufacturing industry also to
prosper as we have a strategic tie-up with
them," said BVR Mohan Reddy, CMD, Infotech
Enterprises Ltd.
Along with developing India as an engineering
brand companies also asked for Professional
Engineering examination to be made available
in India so that Indian engineers can be
at par with the global standards. There
was also talk of Indian companies bringing
in experienced engineers from developed
countries to work in India for short stints
to train the workforce in western practices.
A 'itevlhallenge that emerged was the lack
of quality education in engineering colleges
and to mitigate this, increased industry-academia
interaction.
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