Indian engineering service leveraging industry 4.0 technologies is set to move forward in the next decade. India’s private sector is rapidly expanding its global presence by improving the quality of its products and services. In addition to this, even multinational companies are also locating their advanced research and development operations in India to benefit from the country’s highly skilled engineers, scientists, and managers. India’s latest generation of engineers is innovative and bold, heralding a new dawn for the country. Multinationals and Original Equipment Manufacturers that earlier used to outsource only non-core work to India are now outsourcing major engineering work to India. Thus, India is changing from low-cost contract research and reverse engineering to a global centre of indigenously generated innovation.
India has thus become the world’s number one destination for setting up global in-house centres or GICs. These are offshore centres of multinationals for performing functions like IT, Research & Development, analytics, etc. India dominates the engineering service sector having more than 55% of revenue share. Even on a global scale India has the second largest market share in global sourcing and is expected to grow 3 times by 2025 to reach $90 billion according to NASSCOM. This momentum is projected not only for the IT sector but great opportunities exist across diverse engineering sectors such as electrical, electronics, embedded systems, cybersecurity, IoT, analytics, automation, and several others collectively termed as Industry 4.0 technologies.
India is perfectly positioned to tap this opportunity and support multinationals with their digital transformation efforts. Currently, India is home to 1300+ engineering R&D GCCs across diverse industry verticals and has become amongst the largest technology hubs for the parent organization. The India Engineering R&D success story is mainly because of its large qualified technology and digital talent pool, a vibrant start-up and university ecosystem, and focus on innovation and service delivery.
India is a Preferred Destination for Global ER&D – India has become the favourite destination for global ER&D because of its ability to drive strategic business impact, strong focus on innovation, a large talent pool, and keen focus on service delivery.
Indian Talent driving the Digital Strategy for Global Enterprises – The ER&D GCCs market size in India is expected to grow in the coming years and engineering service providers also form a vital part of the overall Engineering R&D landscape. These enterprises have come a long way in the value chain and are taking complete ownership of solutions designed both for Indian and global markets.
Skilled and Talented Youth – India has a young pool of skilled and talented youth, especially Engineering R&D talent pools to meet the scalability needs of global enterprises. Numerous engineers in India are engaged in the Engineering R&D sector across diverse domains. India has a culturally diverse workforce besides the talented skilled in high-growth technology areas that shows the amount of talent available in India.
Indian Engineering is at the forefront of innovation – The Indian Engineering R&D ecosystem has nurtured the innovation culture that has placed India as a global hub for innovation and technology. GCCS has started numerous initiatives and framed policies to sustain and drive the innovation culture. This will help young engineering graduates equip themselves for the new challenges and engineering service providers at the same time will adapt to the challenges of Industry 4.0.
Indian Government Progressive Initiatives – Progressive initiatives like Digital India, Make in India, Start-up India, Stand-up India, along with infrastructural investments like National Infrastructure Pipeline and GST implementation have strengthened the business ecosystem and made the country business-friendly.
No doubt the Indian engineering field is evolving in the right direction but engineering education in India does require strategic change. It is mainly because despite an increasing number of engineers graduating passing from private engineering colleges are not able to meet the rapidly changing technological and business requirements of the industry. Engineering courses in India are either outdated or not updated as per the growing industry requirements. However, few reputed engineering colleges like IITs, NITs, IIITs, and BITS are producing good engineers who are in sync with the latest technology. To match with these institutes private engineering colleges will also need to improve their level and students right from the school days need to be trained properly and should study from fundamentals, develop logical thinking, and learn to solve challenging questions.
This is where an institute like FIITJEE is playing a crucial role in nurturing students in a way that they become fit to be employed across industry 4.0. FIITJEE trains students to apply concepts in day-to-day problems, develop parallel thinking, and learn to solve a question through different methods. Students learn to meticulously follow the learning cycle, properly analyse things, and work upon their weak points. FIITJEE inculcates the right exam temperament and allows them to practice in a simulated exam-like environment that greatly assists them in enhancing their skill as per the current market.
FIITJEE 