Dassault sets up India-only arm

Bangalore: In a bid to to tap the growing engineering and aerospace design and consulting market in India, the world's largest 3D and product lifecycle management (PLM) software company, Dassault Systemes (DS), has set up a dedicated consulting arm for the country.
This is perhaps the first time a multinational software products company has set up such a dedicated consultancy arm to address a particular market. The exclusive manufacturing solutions group has already started functioning. India is currently the third- largest market in Asia for Dassault Systems after Japan and China, but according to Andy Kalambi, president, DS India, there is much more engineering design activity happening in India than anywhere else. The country is set to emerge the second-largest market for Dassault within Asia, he added.
PLM refers to information systems and software to manage the manufacturing process of a product right from the design and development stage to service and its final disposal.
According to independent engineering design consultancy firm CIMdata, the global PLM market is estimated to be in the region of $26 billion and projected to clock a compounded annual growth rate of 6.3% to nearly $36 billion by 2013. Much of this growth is expected to be driven by services.
Engineering and aerospace design and consulting market in India, the world's largest 3D and product lifecycle management (PLM) software company, Dassault Systemes (DS), has set up a dedicated consulting arm for the country.
03/08/09 C Chitti Pantulu/Daily News & Analysis

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Categories: Foreign Aug 2009, New Aug 2009