Global spending for engineering services is currently estimated at $750 bn per year, an amount nearly equal to India's entire gross domestic product in 2005. By 2020, the worldwide spend on engineering services is expected to increase to more than $1 tn.

Key sectors that dominate global engineering spends include high-technology/telecom, automotive and aerospace-accounting for over 55% of the total. Other sectors include industrial, defence, utilities and construction.

To date, offshoring of innovation services has largely been done in advanced countries-only 9% of the world's budget for engineering found its way to low-cost countries.

Of the $750 bn spent today, only $10-15 bn is currently being offshored-a tiny fraction of the total. India brings home about 12-15% of today's offshored market, which it currently shares with Canada, China, Mexico, and Eastern Europe. This trend towards building increasingly global R&D footprints, observed over the past few decades, is expected to accelerate over the coming years with emerging economies-notably India emerging as the destination of choice for these expansions.

Rolta India
Rolta India is a provider of computer-aided design (CAD), computer-aided manufacturing (CAM), geo-spatial information system (GIS) solutions, e-business and other information technology (IT)-related services. It is also a provider of plant design automation (PDA) solutions and services in India. Rolta declared its results for the third quarter ended March 31, 2007; Revenue stood at Rs 185.6 crore, an increase of 30.8% from Rs 141.9 crore in the same period last year. Net Profit stood at Rs 45.5 crore, an increase of 37.9% as compared to Rs 33 crore in the same period last year.

During the quarter Rolta appointed Ben Eazzetta as president of International Operations. He will head Rolta's subsidiaries in the US, Europe and the Middle East. Prior to Rolta, Ben Eazzetta was president of Intergraph's SG&I (Security, Government, and Infrastructure) division at Huntsville, US. Rolta also became the Principal Member of OGC (Open Geospatial Consortium). It is also expanding its presence in the Asia Pacific region, Qatar, Abu Dhabi and Australia. Rolta has development centers in the US, Canada, Germany, the Netherlands, Saudi Arabia, UAE and India.

Infotech
Infotech Enterprises is an India-based information technology (IT) consulting, services, and business process outsourcing company It offers services across a range of technologies to include the utilities, transportation and government (UTG), and the manufacturing and industrial products (EMI). It declared its results for the fourth quarter ended March 31, 2007; revenue stood at Rs 151.2 crore, an increase of 5.7% on a q-o-q basis as compared to Rs 143 crore and an increase of 40.2% on a y-o-y basis from Rs 107.8 crore. Net Profit for the period stood at Rs 24.9 crore, an increase of 32.5% on a q-o-q basis as compared to Rs 18.8 crore and an increase of 49.8% on a y-o-y basis from Rs 16.6 crore.

During the quarter Infotech launched its operations in Kakinada with a development center created with the joint effort of STPI (Software Technology Park of India) and Infotech to develop a tier-2 destination for IT companies. Infotech is expanding business in Automotive and Marine Engineering Services with focus on avionics and embedded software development. It also expects its revenue to reach $120 mn in this fiscal as compared to $83 mn in the last fiscal.

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