Nasscom predicts that the sector has potential to reach about $4 bn by 2020. There are several reasons behind its predictions. With the need to cut costs of travel becoming paramount, major aircraft manufacturing companies are under tremendous pressure to reduce development costs and improve the operating efficiency of their aircraft. Engineering services have a significant bearing on both. In order to be cost competitive and innovative, aircraft manufacturers are looking at engineering options that speed up development in a cost-effective manner.
Outsourcing in aerospace technology development primarily revolves around engineering services involving structural and system design, tool design, mechanical and electrical design. Electronics and avionics requirements include flight control, engine control, cockpit display and information, navigation, communication, in-flight entertainment systems and air-traffic management system. Enterprise IT system comprises application development and product life cycle management system. There is a lack of skilled resources available in the west, today. India, with its sizeable skilled resource pool, backed by its mature training infrastructure and proven delivery processes, is uniquely poised to address the requirement of global aerospace industry. India has the capability of making advanced alloys, process technologies and aircraft equipment. At the same time, Indian aerospace industry is also considering diversifying into making civil aircraft to cater to its domestic market. Opportunities have already opened up between foreign aerospace companies and Indian aerospace industry. |
