Indian Software Industry to Import Engineers
Date: Wednesday , September 01, 2010
A Nasscom-Booz Allen study of the Indian IT sector states that the rapid growth of the industry will soon force the organizations to import engineers to manage the scalability of operations. With the software engineering services in India projected to grow to a $45 - $50 billion export business in a decade, there will be a spurge in the requirement of talented engineers. Nearly 1-1.5 million people will be needed by engineering services companies alone, of which about 250,000-plus, will have to come from elsewhere.
By 2020, Indian software engineering services companies will need to bring in 25-30 percent of engineering talent from abroad, since there is a huge shortage of trained people now in India. “Bringing in overseas people will be necessary because of severe talent shortage. As Indian engineering services companies step up their global presence to meet that $45-billion market opportunity, that shortage will only increase,” says Ketan Bakshi, CMD of Neilsoft, an engineering services company.
The other area of concern is the low bandwidth. Many Indian companies do not have the bandwidth to handle the kind of infrastructure projects that are coming up. This would be the prime reason to get expertise from abroad.
Most of the national infrastructure projects are being executed at a slower rate because of the shortage of manpower and for every engineering projects, a good engineer of 15 to 20 years of experience is required and a fresher requires an experience of over a year to deal with various situations in an engineering project. India has no dearth of good engineers but their unavailability has forced the Indian software industry to import engineers.