Soon, Asia to fund one-fourth of world's engineering tech services: Nasscom

While US and UK continue to be big spenders, focus of global economy is gradually shifting towards Asia, says IT body

Indian engineering technology services companies need to focus on Asian markets such as Japan, China as one-fourth of the world's engineering and design services investments will come from the region, said industry body Nasscom.
 

R Chandrasekhar, President, the National Association of Software and Services Companies (Nasscom) said the Asian markets such as Japan, China, India would account for 25 per cent of the global spending in the engineering and research and development (ER&D) services and hence, service providers should now look beyond the United States (US).

"Global ER&D spend has remained flat in the past few years. Most