After BPO and KPO, it is now time for EPO: EEPC chief
Engineering Export Promotion Council (EEPC) Chairman Rakesh Shah today said it is time for India to focus on engineering process outsourcing (EPO), which holds tremendous potential for the country to be a third major world power.
''After business process outsourcing (BPO) and knowledge process outsourcing (KPO), the time for EPO has now arrived and with proper policies, India can lead the world here as well,'' Mr Shah said.
''India's tremendous intellectual capabilities will make the country a big name in this segment and hence, I urge the Centre to extend all support to industry to develop the country as a premier centre for EPO,'' he said.
Delivering the welcome address on the occasion of EEPC's all-India award presentation function here, Mr Shah given the country's strength in research and development (R&D) and human resources, proper development of the EPO business will have a far-reaching beneficial impact on the development of export of engineering goods.
EPO work involves delivering services related to project management, manufacturing process improvement, process simulation study, product design support, product performance testing through virtual simulation and R&D.
Expressing bullishness on the export prospects of the Indian engineering sector, the EEPC chief said while the export target for FY-06 of US dollar 18.3 billion was likely to be exceeded, ''Our engineering sector continued to be on course for doubling our exports by 2009 and carving out a 1.5 per cent share of total world trade.'' Enumerating a few significant promotional programmes taken up by EEPC, Mr Shah revealed that an India engineering meet was being planned in New Delhi where 200 foreign business delegates would be invited.
He also highlighted some of the problems confronting the sector, such as the negative impact of the imposition of service tax, fringe benefits tax (FBT) and uncertainty over issues of DEPB and 80 HHC, which he said have held back the sector's rapid progress.
Source:news.webindia123.com
''After business process outsourcing (BPO) and knowledge process outsourcing (KPO), the time for EPO has now arrived and with proper policies, India can lead the world here as well,'' Mr Shah said.
''India's tremendous intellectual capabilities will make the country a big name in this segment and hence, I urge the Centre to extend all support to industry to develop the country as a premier centre for EPO,'' he said.
Delivering the welcome address on the occasion of EEPC's all-India award presentation function here, Mr Shah given the country's strength in research and development (R&D) and human resources, proper development of the EPO business will have a far-reaching beneficial impact on the development of export of engineering goods.
EPO work involves delivering services related to project management, manufacturing process improvement, process simulation study, product design support, product performance testing through virtual simulation and R&D.
Expressing bullishness on the export prospects of the Indian engineering sector, the EEPC chief said while the export target for FY-06 of US dollar 18.3 billion was likely to be exceeded, ''Our engineering sector continued to be on course for doubling our exports by 2009 and carving out a 1.5 per cent share of total world trade.'' Enumerating a few significant promotional programmes taken up by EEPC, Mr Shah revealed that an India engineering meet was being planned in New Delhi where 200 foreign business delegates would be invited.
He also highlighted some of the problems confronting the sector, such as the negative impact of the imposition of service tax, fringe benefits tax (FBT) and uncertainty over issues of DEPB and 80 HHC, which he said have held back the sector's rapid progress.
Source:news.webindia123.com
posted by Manoj Jain @ 12:48 AM
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