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