Outsourcing engineering services

Outsourcing is the name of the game. Till now we used to have low end
jobs getting outsourced to cheap destinations like india, but the
NASSCOM visualizes that engineering services is the next big thing.

The current work done by the Indian vendors is about $ 500 million,
which means there is quite a lot of untapped market. The main kinds of
work handled include product design, process engineering, plant
operation and enterprise asset management.

There arent many people doing this kind of work, since it has
primarily been related to IT and ITES services. But this could change,
says the NASSCOM chairman Ramadorai. As per them, Germany, France, UK
and the US lead the outsourced engineering services industry.

Now we have something which China cant emulate, at least for the time
being. Colleges churning out engineers by lakhs can be productively
utilized for something good, and they will not have to made do with
low end jobs. This might also reduce the load on management
institutes!!