India is expected to receive Rs 10,987 crores in engineering technolo-gy (ET) service outsourcing by 2008, said Pune-based Neilsoft Ltd, an ET service company targeting Rs 100 crores in revenue by 2008.


ET services involve activities of design, planning, construc-tion, analysis, production plan-ning and preparation using computer models.


International engineering giants like Boeing, Airbus, Ford, GM, GE, Black & Veatch, Caterpillar, Snecma, Emerson and Whirlpool are already sourcing engineering design services, either through third, party ET services organisations or through their own captive units.

"India is ideally positioned to become the ET outsourcing hub of the world just like China has emerged as the manufacturing hub. The pool of engineering talent available, language advantage, quality processes and a matured global delivery model are the key drivers for India emerging as number one. Indian engineers will no longer have to give up on engineering nod pursue an IT career to benefit financially from the globalisation mega trend," said Mr Ketan Bakshi, MD, Neilsoft

"The worldwide ET service market is Rs. 2,63,700 crores. By outsourcing ET services, companies can save 30 to 40 per cent in design costs. We have opened our offices in China to cater to the Japanese ET service market The Indian IT sector has matured, while the ET ser-vice sector will only boom in the coming years. American firms are already asking their management about their China and India strategies. MNCs will also increase outsourcing their design automation needs to India in the next few years," said Mr P.Chaudhuri, head marketing, Neilsoft. Industrial machinery, construction engineering, automo-tive, and software, were some sectors that would be outsourcing their ET services to slash production time and prevent costly rework.