The Hindu Business Line : HCL eyes greater slice of aerospace tech outsourcing

With the aim of increasing revenues from the aerospace technology outsourcing market, HCL Technologies is showcasing its work for customers, including Boeing, at the Farnborough Airshow in the UK.

Mr Martin Hunt, head of HCL's European Engineering and Aerospace division, said: "Currently, 18 per cent of our hi-tech and manufacturing revenue is derived from the aerospace industry. However, given the exciting growth of the Indian aerospace market, and the growing interest in aerospace development offshoring, we anticipate this to figure to reach 30 per cent in five years."

Market size

Nasscom estimates that the market size of the aerospace technology outsourcing market in India is about $150 million now and would touch $1 billion in four years.

HCL has established a design centre for an aerospace Tier-1company, which will have in excess of 100-150 engineers, a company release said, adding that it has also developed a set of core avionics skills that enable offshoring of complete subsystems.

Partnership systems

The company will share details of its partnership systems, which combine a multi-service integrated engagement model with the use of output-based pricing schemes to share the commercial risk of aircraft manufacture and development between HCL and its customers, it added.

India is set to become one of the biggest aerospace markets in the world, with imports projected to top £150 billion in 10 years.

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