Engineering services outsourcing to accelerate

A study by Dataquest says engineering services exports (Excluding IT/Telecom) from India cross Rs. 10,000 crore mark NEW DELHI, INDIA: The engineering services exports (excluding software product engineering, semiconductor design, and other high tech/telecom engineering) from India grew 25.6 per cent in 2007-08 to reach Rs. 10,110 crore, according to a study published by Dataquest, the flagship IT publication of CyberMedia group. The Indian third party service providers accounted for 56 per cent of that revenue, while the captives had a share of 41 per cent. The non-Indian third party service providers accounted for the rest. Aerospace and automotive industries led the engineering design and services outsourcing to India. A few recent developments in these industries have significantly impacted the engineering services... [read full story]