| Source:
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| | Technologies Ltd's aerospace practice,
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| Indian software firms say they are well
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| | said.
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| placed to grab a bigger share of the
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| | HCL Technologies, India's fifth-ranked
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| aerospace market as airplane makers and
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| | software services exporter, has over 30
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| defence companies look to control costs
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| | aerospace customers including plane
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| by outsourcing design and management
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| | makers Boeing Co and Airbus. "Given the
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| systems.
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| | current business scenario, we're highly
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| Asia's fourth-largest economy is already
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| | optimistic that the future is bright and
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| a hub for global corporations to
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| | the sky is the limit," Kumar said.
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| outsource software services from
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| | Boeing would increasingly use Indian
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| application development and system
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| | companies to get technology work done
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| integration to supply chain management.
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| | cheaper, Dinesh Keskar, senior vice
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| Global spending on engineering services
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| | president of Boeing's commercial
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| was $750 billion in 2004, with aerospace
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| | airplanes division, told Reuters at the
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| accounting for 8 percent, and could rise
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| | Aero India 2007 earlier this month.
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| to $1.1 trillion by 2020, according to
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| | The services provided by Indian software
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| the National Association of Software and
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| | companies to aerospace firms include
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| Service Companies, India's IT industry
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| | aircraft design, development of on-board
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| lobby group.
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| | electronics systems such as flight
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| The total offshore engineering spend is
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| | control and engine control, and ground
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| expected to grow to $150-$225 billion by
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| | systems like air traffic management.
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| 2020 and India, with its talent pool and
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| | Offset Policy Boost
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| experience in engineering services, could
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| | Analysts say Indian's 2005 offset policy,
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| pick up 25 per cent of that, according to
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| | which requires foreign aerospace firms to
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| the association.
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| | spend a percentage of the value of any
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| "Aerospace as a vertical is being focused
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| | Indian orders in India, such as in
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| more than the others, especially by
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| | establishing a training centre or buying
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| companies like ours whose core strength
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| | services and supplies from local
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| lies in engineering," M Ashok Kumar,
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| | companies, was also likely to boost
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| executive vice president of HCL
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| | outsourcing.
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