Aerospace now on IT firms` radar

Bangalore: The country's software majors have identified aersopace as the next big business opportunity.
HCL Technologies today said it will unveil an integrated approach to the industry debuting at this year's Farnborough Airshow.
The company is setting up a design centre for an aerospace Tier-1 company, which will have over 100-150 engineers.
Software companies' association Nasscom says the market size of aerospace technology outsourcing market in India, now estimated at $150 million, will be worth $1 billion in four years. Infosys, Wipro and MindTree are already focusing on this vertical, offering complete solutions.
Ranging from product life cycle management, IT solutions, embedded system (avionics) and product design & development these companies have been working with a host of aviation firms and their suppliers to be part of the value-chain.
14/07/06 Business Standard

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