Enventure Technology Services, a leading Engineering and Supply Chain services provider to global corporations, have expanded their customer base in India to make the most of the potential shown in the current Indian engineering market.
Enventure is now offering their engineering design services in India and has successfully added on several new customers who utilize Enventure’s Electronic Design, PCB design, Mechanical design as well as Inventory Optimization services. There is growing interest in the Indian market in utilizing experts from Enventure in these areas, rather than for manufacturing companies to try do these tasks themselves.
According to a recent NASSCOM Booz Allen Study, the Indian engineering services outsourcing market is expected to grow considerably over the next ten years and is rated as one of the key areas that Indian service providers are expected to focus on developing. By 2020, it is expected that the Indian engineering services market will reach Fifty Billion US Dollars, and Enventure expects to gain a reasonable slice of this market, by setting up a dedicated team, to serve customers in India. The Engineering and Supply Chain Services groups within Enventure expect that this investment in emerging areas and markets will considerably assist Enventure in achieving the longer term growth goals.
“The number of CEOs realizing that outsourcing and offshoring engineering activities is an ideal method to respond to the market pressures is steadily increasing. Additionally, many companies in the hi-tech industry have proven that focusing on their core competencies – be it manufacturing, marketing or design – is crucial for a company’s success. And such companies with progressive thinking today rely on Enventure to provide them with the additional engineering support required to take products to market faster and within budgets,” commented a spokesperson for Enventure Technology Services. “India’s offshore outsourced engineering services market alone is poised to multiply in the next decade, and it is important that we as a company get geared to handle engineering design business from within India, as well as expand our global footprint.”