ESO Blog

Friday, February 8, 2008

Key to competitiveness for Indian engineering Industry from OEMs to SMEs and a Trillion $ market!

The key to competitiveness for the Indian engineering Industry from OEMs to SMEs and a Trillion $ market!

February 7, 2008

According to the BAH-NASSCOM study, Engineering Services Outsourcing (ESO) is over $700 billion today and will reach over $1 trillion by 2020! This is an incredible market and a competitiveness opportunity for Indian engineering industry that spans;

Aerospace & Defense
Automotive
Heavy & Light engineering
Consumer products & electronics
ICT
Biomedical
to name a few.

So what are the key challenges that the Indian manufacturing and engineering ecosystem from OEMs to SMEs have when it comes to the entire PDLC (Product Development Life Cycle) from Analysis & Design to Maintenance?

This blog post from NASSCOM dwells more on this