CSM sees huge potential in aerospace design
The offshore aerospace engineering services in India likely to grow phenomenally in the next five years, Bangalore-based CSM Software Pvt Ltd, an engineering services solutions provider, is cashing in on this growth.
It has plans to tie-up with two universities for providing training programmes to engineering students in automobile and aerospace areas. One of the universities is at Pune and another in Karnataka, the deal for which is likely to be finalised in the next six weeks.
Satya Srikanth, CEO, CSM, told that the aerospace engineering services in the country employed about 6,000 people, with the requirements likely to go up to 150,000 to 200,000 in the next five years. The industry is set to grow substantially from about $500 million to $5 billion. He said that the government was conducting training programmes in this industry with private sector programmes being miniscule.
Design support to aerospace majors is provided by the services division of CSM Software Pvt Ltd. It is looking at a business of $10 million to be generated from this sector in the next couple of years. The company is in talks with aerospace OEMs and tier I suppliers to aerospace OEMs for design support with positive results expected in the next four to five weeks.
With the Indian government proposing to develop a small passenger jet through the National Aerospace Laboratories in Bangalore, CSM Software Pvt Ltd. sees opportunities increasing in this sector.
CSM Software Pvt Ltd. will impart training to about 450 to 500 students in FY08, of which 70 percent would be from companies and 30 percent fresh engineering graduates. In 2006, CSM Software Pvt Ltd trained 300 engineers with 200 from companies and 100 fresh engineers.
Srikanth added that the company had earmarked a capex of Rs 13 to Rs 14 crore in the current fiscal for expansion of infrastructure for training and services in Bangalore, Hyderabgad, Chennai and Pune.
