It’s true. Specialised high-tech jobs are indeed coming across the wires and into Indian networks
Outsourced design is gaining momentum: The overall worldwide slowdown in the aerospace, automotive and industrial machinery sectors is resulting in margins getting squeezed leaving Fortune 500 companies with no other option but to explore lower cost geographies. Outsourced engineering design is gaining momentum with companies beginning to outsource their design tasks to accelerate time to market as well as leverage lower cost geographies.
What has been outsourced to India in the past in the engineering field is mainly high volume, low value work like scanning drawings and converting them into digital format, markup of old drawings and migration of CAD data from one system to another. This kind of service fetches around US$ 10 to 15 per man-hour.
However, in recent times, with data connectivity between India and rest of the world improving vastly and western companies facing tremendous cost and time-to-market pressures, higher end engineering services work is coming to India. Among these are tasks such as 3D modelling, finite analysis, computational fluid dynamics analysis, drawing up technical specifications for tenders, plant engineering, redesigning for improved cost/performance ratio and value engineering. These tasks could get anywhere from US$ 25 to US$ 35 per man-hour.
Almost all the leading listed IT services players in India offer engineering design services. Most of the bigger players are serving prominent Fortune 500 companies. There are also a few players that are solely focused on engineering design services.
read more....
Outsourced design is gaining momentum: The overall worldwide slowdown in the aerospace, automotive and industrial machinery sectors is resulting in margins getting squeezed leaving Fortune 500 companies with no other option but to explore lower cost geographies. Outsourced engineering design is gaining momentum with companies beginning to outsource their design tasks to accelerate time to market as well as leverage lower cost geographies.
What has been outsourced to India in the past in the engineering field is mainly high volume, low value work like scanning drawings and converting them into digital format, markup of old drawings and migration of CAD data from one system to another. This kind of service fetches around US$ 10 to 15 per man-hour.
However, in recent times, with data connectivity between India and rest of the world improving vastly and western companies facing tremendous cost and time-to-market pressures, higher end engineering services work is coming to India. Among these are tasks such as 3D modelling, finite analysis, computational fluid dynamics analysis, drawing up technical specifications for tenders, plant engineering, redesigning for improved cost/performance ratio and value engineering. These tasks could get anywhere from US$ 25 to US$ 35 per man-hour.
Almost all the leading listed IT services players in India offer engineering design services. Most of the bigger players are serving prominent Fortune 500 companies. There are also a few players that are solely focused on engineering design services.
read more....
