The Hindu Business Line : EEPC preparing roadmap for EPO

The Engineering Export Promotion Council (EEPC) is now engaged in preparing a roadmap for Engineering Process Outsourcing (EPO). A proposal to this effect has already been submitted by the Council to the Ministry of Commerce and Industry.

It is felt that proper development of EPO in the country will have an enormously positive and long-term impact on the export of engineering goods.

Describing EPO as a billion dollar opportunity, Mr Rakesh Shah, National Chairman of EEPC, said here on Saturday that India was now creating a niche for itself in Knowledge Process Outsourcing (KPO), and that there was no reason why it was not possible to have a path-breaking concept of EPO.

Next opportunity

Welcoming members at the annual awards presentation function of the council here, Mr Shah said India was already an established centre for BPO. Now,the EPO business was being eyed as India's next billion dollar opportunity, for, in the opinion of experts, it will even eclipse "what we are seeing in the technology sectors today".

According to the EEPC Chief, the global EPO business , currently pegged at $3.5 billion, has grown annually by almost 40 per cent in the last three years. He said it had the potential to grow to $10-20 billion in the next three to five years.

EPO work will involve delivering services relating to project management, manufacturing process improvement, process simulation study, product design support, product performance testing through virtual simulation and Research & Development.

Commenting on EEPC's global agenda, he said two India Engineering Exhibitions (Indees) have been planned in Dubai (UAE) and China during 2006-07, besides an India Engineering Meet in New Delhi early next year, for which 200 foreign business delegates from would be invited.

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