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Topic : Indian IT sector in 2010
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Created by : Naresh Vemulapalli, Product Line Manager, ITL  | 04 12 2010 10:52:30 +0000
Activity:  1728 views;  last activity : 07 06 2010 20:18:09 +0000

India with its strength in outsourcing business and a relative stronger position in Automobile, Hi-tech telecom and Aerospace industry is well saddled to become an indomitable force globally for Engineering services outsourcing work.

Various Industry surveys suggest that the current value of design services, which is US$700 billion, and the expected value of design services, by 2020 will be US1 trillion with Design, R&D, Product development and Innovation as some areas of focus. For instance with R&D focus industries like IT, health life sciences, defense systems, telecom, aerospace, automobile and industrial engineering the opportunities are growing amidst major corporations setting R&D centers (even terming them as ODCs sometimes) in various offshore locations.

The main purpose for the global companies to outsource is for improving their bottom lines by getting things done from the low cost countries, and also to tap the young talent from across the boundaries and Geographies for the better competitiveness in the technology and product pricing.

With the increasing costs and overheads in the ODC’s (Offshore development Centers) due to raise in salary levels, competition etc, and also with the tremendous competition from other developing countries like Brazil, China, South Africa, how Indian engineering services industry is equipped to sustain in its leadership position?

Also what ways could Indian engineering services industry could offer better services to attract more integrated solutions so that it stays more competitive even after India enters to a stage where it’s  no more a low cost country.

 
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Time to look for offering more Valu Added Integrated Srvices Vs Could maintain it's leadership by The advantage of Low Cost.
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Naresh.... good debate.

Since the engineering industry is seeing good growth it is time to offer better value added services. The reason being many competitor in the industry. And more than money today people are looking for good services and features. So to sustain in the current leadership position we should be innovative than others.......

:)   


By Isha Verma, Sales/BD Manager, Larsen & Toubro  04 13 2010 10:16:40 +0000
 
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In a typical Engineering Services, I now strongly feel Low Cost Offering has a major role to grab the Market Share...

As far as Leadership is concerned the INDIAN INDUSTRY was cashing and is cashing the Advantage of LOW COST OF QUALITY SERVICES OFFERING.... I think the same is also applicable to Engineer Services..

S, it is very Obvious that one should have the offering of Value added Integrated services but Finally that is also going to add monetory value which is a one of the major factor for affecting a decision in high value services... and every Organisation has its own Value additions towards its offered services and its customers choice which among those are at higher Priority for selecting a vendor for services...

I feel Low cost offering with bes Quality can help Indian Engineering services to maintain its Global Position...


By Sampanna Shastry, Deputy Manager- Marketing & Sales, Arani Power Systems Ltd  04 13 2010 10:54:46 +0000
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I feel it's time to offer more Valu Added Integrated Srvices to be competative.


By Naresh Vemulapalli, Product Line Manager, ITL  | 04 15 2010 12:16:55 +0000
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At this juncture, i define "value addition" as a reputation for quality in everything we stand for and not just product quality. From raw material to finished product, from starting negotiations to contracting to delivery to closure, from inter cultural dealings to transparency and honesty in operations, quality is what we should aim for.


By RAMESH KANDADAI, Principal Consultant, ARM Consultants  | 04 15 2010 08:26:21 +0000
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 I completely agree with you.India has the strength to sustain especially with its skilled manpower.


By Wajid.Pathan , Enterprenuer (Designer /Developer/Supplier), 3D TECH Training and Consultancy  | 04 14 2010 16:44:03 +0000
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Engg service industry should offer real cost saving ,time effective solutions to become profitable.India is a gold mine of talented workforce,if rather than making fat profit,they concentrate on reliable good service,servicing sector will prosper. That includes major factor spare cost.Indegenious spares at reasonable cost has made Maruti a leading automobile manufacturer .


By Shirish Nadkarni, Factory Head, Dicitex Decor Pvt Ltd  | 04 14 2010 05:53:33 +0000
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You can check out this link :

http://www.financialexpress.com/news/engineeringservicesmarkettotouch50billionby2020/542932/


By K. NARAYAN, None, None  | 04 13 2010 15:07:23 +0000
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i agree with Isha's argument.More the  value added services ,the better prospect one can expect.A good debate indeed.


By Mohammad Bakhsh, Consultant(Civil), Rail Vikas Nigam Limited  | 04 13 2010 12:50:00 +0000
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