ESO Blog
Sunday, January 13, 2008
Engineered in India, the Next Frontier?
Engineered in India, the Next Frontier?
By Priyanka Bhardwaj, Asia Times, Sep 2006
India is eyeing a slice of the engineering services outsourcing (ESO) cake. A product may be "Made in China", but it's the "Engineered in India" tagline that India Inc feels is up for grabs. And why not?
Money spent on engineering services, US$750 billion in 2004, is projected to zoom upward to $1.1 trillion globally by 2020. Of this, the outsourced component could be $200 billion. Currently, the ESO market is worth $15 billion with India's share @ 12%. Indian information-technology (IT) companies have a $40 billion opportunity by 2020 from engineering services, according to some reports.
India has the capacity to account for about $14 billion to $18 billion in 2020, compared with the current figure of about $1 billion in the high-tech/telecom vertical space. The automotive sector is another big opportunity for Indian players.
Full report here
By Priyanka Bhardwaj, Asia Times, Sep 2006
India is eyeing a slice of the engineering services outsourcing (ESO) cake. A product may be "Made in China", but it's the "Engineered in India" tagline that India Inc feels is up for grabs. And why not?
Money spent on engineering services, US$750 billion in 2004, is projected to zoom upward to $1.1 trillion globally by 2020. Of this, the outsourced component could be $200 billion. Currently, the ESO market is worth $15 billion with India's share @ 12%. Indian information-technology (IT) companies have a $40 billion opportunity by 2020 from engineering services, according to some reports.
India has the capacity to account for about $14 billion to $18 billion in 2020, compared with the current figure of about $1 billion in the high-tech/telecom vertical space. The automotive sector is another big opportunity for Indian players.
Full report here
# posted by Ecacofonix : 10:07 PM
