Bengaluru: Nasscom may have set a $100 billion by 2025 goal for India’s engineering research and development sector, but industry executives believe several factors — from government policies to availability of talent — will have to fall in place for it to get there.The Indian ER&D sector already employs about 7,00,000 people in the country, which could rise to one million by 2025, if the conditions for growth become more favourable, experts said.“This is an aspirational target,” said Karthikeyan Natarajan, global head for engineering, IOT and enterprise mobility at Tech Mahindra “We have to stretch to get here and several aspects will need to fall into place. About 40 R&D global captive centres were set up in 2018. Yet, software industry association Nasscom’s target seems ambitious. “The sector will reach $75 billion by 2025 with the way we are growing now; it is the additional $25 billion that we are focusing on getting,” said KS Viswanathan, vice-president for industry initiatives at Nasscom.To achieve that, the industry needs to tap different markets.“We have focused on the Englishspeaking world, but now we also need to grow more in Germany and Japan, which are large engineering markets,” said Ajay Prabhu, chief operating officer at engineering services firm QuEST Global . The state government would provide financial support to enable the initiatives.

Source: Economic Times September 29, 2019 22:30 UTC