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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...

BANGALORE: Manpower shortage in India's high potential, high-growth ITES-BPO industry by 2009 is estimated to be 2.62 lakh people, officials said today. ITES-BPO (Information technology enabled services-business process outsourcing) employee base has grown at a compounded annual growth rate of 52.6 per cent, from 42,000 in 2001-02 to 3,48,000 in 2004-05, according to NASSCOM estimates. According to NASSCOM (National Association of Software and Service companies), ITES-BPO exports recorded revenues of $5.2 billion in 2004-05, a growth of 44.5 per cent. The industry body has forecast these exports to grow at 41 per cent to reach USD 7.3 billion in the...