Engineering Outsourcing Favors India: A News Report
Engineering outsourcing is something that many companies in the West have been doing for several years. According to a report in the 4 August, 2009 edition of The Economic Times, India, the value of the engineering outsourcing market is currently $1.8 billion and is expected to reach $50 billion by 2020.
The large Indian IT companies have for a long time been developing complex applications for large customers overseas, as well as maintaining these customers’ data processing installations on a turnkey basis. Because of the current worldwide pressure on revenues and margins, these customers are leveraging their relationships with the Indian companies by outsourcing engineering design and analysis work to them as well. Examples of such customers are Airbus, Boeing, Bombardier and EADS. A similar tendency is seen from customers in the life sciences, health care and energy conservation areas.
As an example of what is being outsourced, one very large Indian IT company is in the process of finalizing an arrangement to develop a complete vehicle for an Asia-Pacific automotive OEM. A smaller company is seeing new assignments for fuel-efficient cars, Clean Technology – based engines for the aerospace industry and the development of medical electronic devices.
Outsourcing industry experts say that India can expect to secure 25% of the global engineering outsourcing business, aggregating around $50 billion.
TMG is one of the Indian companies equipped to take on a variety of engineering design tasks, by virtue of the fact that its top management has worked abroad for several years in R and D. The Company has all the skilled engineering manpower, hardware and software to perform the tasks with eased and accuracy.
To talk to TMG further about your engineering outsourcing project, click here. We look forward to hearing from you!
