Hyderabad: Indian software exports to aerospace industry have crossed the $500-million mark in 2010-11. “This niche segment is growing at a compounded annual growth rate of 20 per cent,” said Mr B.V.R. Mohan Reddy, a Nasscom Executive Council member and Chairman and Managing Director of Infotech Enterprises.
Addressing a press conference here on Wednesday, Mr Reddy, however, cautioned that export growth rates could change keeping in view the cyclical nature of the aviation industry.
On the other hand, the promising aviation sector in Russia, Brazil and China could also help the Indian industry grow further, he said.
Infotech Enterprises, which specialises in engineering services, contributed $100 million or 20 per cent of aerospace exports from the country.
Software exports, which grew 10 times to $59 billion from $6 billion 10 years ago, are expected to cross the $225-billion mark by 2020. Of the $59 billion software exports from India, engineering services segment contributed $ 9 billion, he said.
But India's success story in IT service exports could hit an air pocket due to the lack of talent pool.
As it is employability of engineering graduates remains a cause for concern.
08/06/11 Business Line
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