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Our Bureau

Mumbai , Feb. 10

TECHNOLOGY purists in India have long been complaining about engineers from all disciplines migrating to software services.

But, today, if one can believe what speakers at Nasscom 2005 forum had to say, they will probably be relieved that skills learnt in college was not in vain. "Engineers don't have to give up engineering and pursue an IT career to merely benefit financially from global trends," Mr Ketan Bakshi, Chairman and Managing Director, NeilSoft, said.

In his view, the new window of opportunity opening up for the IT sector is Engineering Technology (ET) Services with applications in industries as diverse as automobile, aerospace, construction or manufacturing.

The ET services are projected to capture a 4 per cent market share, estimated at $2.5-3 million out of an estimated worldwide market size for this service at $60 billion by 2008.

Moderating a session on ET services at the Nasscom 2005 India Leadership Forum, Mr Lance Travis, Vice- President, AMR Research, said: "Between 9 and 17 per cent of product development budgets are allocated to engineering services. About 30 per cent of automotive companies and about 50 per cent of aerospace and defence organisations are interested in outsourcing these services."

Speaking earlier on the same topic, Engineering technology services: the next big wave after IT?, Mr S.K. Jain, Venture Director, WestBridge Capital Partners, said that more and more manufacturing organisations are looking at outsourced engineering services.

According to him, the one unresolved concern for such outsourcers is the issue of protecting their intellectual property that they would have to share with partners when outsourcing to them.

Mr Ravi Gopinath, Vice-President (engineering and industries services), TCS, said that utility, pharmaceutical and aerospace companies would be good targets for outsourced engineering services because of their particular requirements.

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