Sky is the limit for Indian IT, literally

Bangalore: With aviation majors like Boeing and Lockheed Martin looking at setting up captive R&D centres in India, smaller aircraft and business jet manufacturers are likely to follow suit. The other aircraft manufacturers like Bombardier, ATR, EADS Socata, Eurocopter, Hawker, Falcon are very seriously evaluating the option of setting up their R&D centre in India with a third party IT services provider or independently.
This move could mean a billion dollar business opportunity within the ecosystem of the aviation industry in India. These R&D centres would come under the engineering services segment of IT. A study done by NASSCOM and Booz Hamilton estimates that engineering services outsourcing could touch $40 billion by 2020 and the contribution by the aerospace segment is expected to be around 15%.
European Aeronautic Defence and Space (EADS), the parent company of Airbus is setting up a technology centre in Bangalore with investment to the tune of Rs 11,000 crore.
Aiding this momentum is the offset clause of the government which stipulates that 50% of $10 billion order for the purchase of 126 multi-role combat aircraft deal has to be sourced locally.
28/09/07 Thimmaya & Urvashi Jha/Economic Times

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Categories: General Aviation Sep 2007