Alten Group announces expansion plans for India
Alten Group, the â¬1.07 billion European provider of innovation consulting and engineering, has announced plans to strengthen its presence in India. It will position its Indian design centers as a major hub for servicing clients in India and the APAC region apart from helping its global clients achieve greater R&D efficiency by leveraging engineering talent available in India. As a company focused on ER&D, Alten brings with it high-end engineering expertise in Aerospace, Automotive, Rail, Energy, Telecom and Healthcare, in areas like design of aero structures, avionics systems, low emission vehicles, HEVs, rolling stock, energy management systems and medical equipments. With its acquisition of Calsoft Labs, the Alten Group has expanded its expertise in India in telecom product engineering and cloud computing. Moving forward Alten aims to make strategic acquisitions in India in areas just as wireless communications, VLSI design, and big data analytics.
The recent NASSCOM Report on Engineering & R&D Services revealed that the engineering design and products development segments in India generated export earnings of $10 billion in FY 2012; and is growing by about 14%, driven by increasing use of electronics, fuel efficiency norms, convergence of local markets, and localized products and as well driven by competitive markets and decline of skilled workforce in Western countries.
Gerald Attia, Deputy CEO , Alten Group, said, "Alten Group has witnessed huge success in outsourced ER&D in European markets. With large global businesses targeting emerging markets, India has become the epicenter for Alten Group's growth in APAC region, and we are making significant investments in training our employees in specialized areas to be able to leverage the large engineering talent pool in other words available here."
Ramandeep Singh, CEO, Calsoft Labs said, "With the Alten Group making significant investments in India, Calsoft Labs can look forward to an exciting phase of accelerated learning and growth in new technologies just as wireless infrastructure, cloud computing and BI."
Alten Group Announces Expansion Plans In India
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