‘Engineering services outsourcing can be a $40 bn business’

‘Engineering services outsourcing can be a $40 bn business’

Engineering services (ES) outsourcing will create $40 billion opportunity for the Indian IT industry by 2020, a Nasscom report said. Nasscom and management consulting firm Booz Allen Hamilton on Thursday released the key findings of a study “Globalisation of engineering services-the next frontier for India.”

“The total offshore engineering spend is expected to grow to $150 - 225 billion by 2020, and India with its talent pool and existing experience in engineering services, is well suited to realise 25% of this opportunity,” Nasscom president Kiran Karnik said. “However, we must ensure required steps are taken by stakeholders to address possible road blocks, especially those concerning work force and infrastructure,” he added.