Backed by an abundant and quality engineering workforce, and with engineering being the core strength of the Indian IT companies, the country is placed well to cash in on the ongoing aerospace boom.

Amidst the global civil aviation boom and the country's increas- ing defense expenditure, aerospace outsourcing is emerging as one of the key segments in India's outsourcing services. Backed by competitive skills in engineering services, India is poised to become a key outsourcing hub for global aerospace and missile companies. The recently concluded Aero India air show indicates the growing importance of Bangalore's aerospace potential. The show, labeled as the largest in South Asia, saw more than $1.2 bn worth of deals being signed between Indian and foreign aerospace firms.

By outsourcing engineering services from low-cost destinations like India, the global airline companies will be able to reduce the development costs, improve operational efficiency and boost innovativeness. In today's global airline industry, there is a dramatic increase in skill-intensive manufacturing and engineering services, which play a significant role in generating this need for aerosourcing. The quality-conscious multinational companies like Boeing and Airbus are looking towards engineering-rich, IT-savvy countries like India to provide the competitive edge in the design and development of aerostructures. National Association of Software and Services Companies (Nasscom) predicts, Indian IT firms can look at a $1 bn market from the aerospace industry over the next 3 to 4 years.

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