Posted on 06/20/2005 8:36:59 AM PDT by Gengis Khan
India is gearing up to tap the huge engineering outsourcing opportunity and position itself as the world's hub for high value design and manufacturing destination, a top Nasscom official said on Monday. "China may be the home for mass manufacturing, but India, with its high engineering base, can emerge as the destination for high value manufacturing," Nasscom president Kiran Karnik said.
Nasscom has initiated the engineering services forum and will build a brand for India as the outsourcing destination for engineering services, he said.
Nasscom chairman and TCS CEO S Ramadorai said the market potential for outsourced engineering services was between $7 billion and $12 billion, while the value of work currently undertaken by India-based vendors in this space was estimated about $500 million.
"This does not include that of the captive units of global firms," he said, adding that the engineering services had been divided into IT services (R&D services) and ITES-BPO (engineering BPO).
Ramadorai said Indian firms like L&T, Thermax, Mahindra and Hero Global Design are major outsourcers and the target verticals for India are automotive, aerospace, construction, manufacturing and embedded software and chip design.
Satyam Computer Services Chairman and Nasscom vice-chairman Ramalinga Raju said India's IT services success could be replicated in the engineering services and India could compete with China by harnessing its strengths.
"India-based design teams result in price performance structures which are significantly lower than of US," he said.
...so, our kids will not need engineering degrees in the future?
So will I someday drive a car called the Veda?
Heard of TATA Indica, Safari, Sumo.....Ambassador....Mahindra.... Reva and so on?
Well, we are not going to be IT, engineering, manufacturing, service, or anything that produces or services. All those jobs will either be outsourced, or immigrants will do them.
Is it your intention to whip Americans into an anti-Indian fervor?
For, regardless of your intention, that is your effect.
I am astounded that there are folks here that do not realize that the highest-paying 4-year undergraduate degrees are in Engineering.
ping
What empire competed economically with Rome? Honestly curious.
Economically, none. Militarily, plenty. The thing is, my dear "free" trade advocate, military protection costs money that isn't found in analyses of "comparative advantage."
Rome imploded economically until it was unable to finance and staff its own military protection. They had to rely increasingly upon slavery, and imported goods to keep things cheap, and a welfare state to manage the citizenry displaced by those cheap goods and services: free food, entertainment, etc. They had the whole kaboodle we are getting with Americans funding globalization via military protection, functioning as a massive subsidy to outsourcing, essentially socializing the risk to delivery of those goods and protecting those investments abroad on the backs of the taxpayers being displaced by those investments.
Because of the resulting welfare state, without the funds to finance the military, they had to outsource that too, just as is being proposed in Congress now to a standing UN army.
Hence the fall.
Whip Americans into an anti-Indian fervor?
Tell me.... how does one whip "Americans" into "anti-Indian fervor"?
By declaring -- by implication or by statement -- that India will preempt America as the world's engineering design hub.
But hey, don't let me stop you. You are doing more to fuel protectionism and tarrifs than I ever could.
Carry on.
It would have been much cooler if you had spelled teryfs right.
"I am astounded that there are folks here that do not realize that the highest-paying 4-year undergraduate degrees are in Engineering."
Just wait. It'll turn into another "Mamas don't let your babies grow up to be engineers" thread because engineering is going to be low paying like landscape maintenance is to illegal immigrants.
ooops....how'd I miss the first post?
It started as a "mamas don't let your babies grow up to be engineers" thread!
If you wish, I can ping one of them and he can regale us with stories of his engineering friends telling their kids to go to law school.
"If you wish, I can ping one of them and he can regale us with stories of his engineering friends telling their kids to go to law school."
Nah, these threads are more entertaining when you let them develop naturally. We need to practice something like the Free Republic outsourcing thread "prime directive" and not interfere with the hysteria. It's more fun that way.
One thing for sure, if potential engineering students are going to law school, an engineering degree will just become more valuable in the future.
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