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Indian IT firms see rise in engineering research and development deals from their global clients

Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years. KPIT received a five-year software services deal estimated at more than $60 million deal from tier-I automotive company.
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16 Sep 2020 3 Mins Read 0 comment
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BENGALURU: Indian IT firms are seeing more engineering research and development service deals in their pipeline as global customers look to re-engineer and launch products faster in an uncertain market. Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years.
in the country, analysts widely said. “The recessionary pressure in certain industries like automotive and aircraft design is having a positive impact on Indian services, however, the big demand is coming from life sciences and healthcare in areas directly impacted by the need to get medical equipment manufactured at a rapid pace,” said Phil Fersht, chief executive, HfS Research.
BENGALURU: Indian IT firms are seeing more engineering research and development service deals in their pipeline as global customers look to re-engineer and launch products faster in an uncertain market. Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years. in the country, analysts widely said. “The recessionary pressure in certain industries like automotive and aircraft design is having a positive impact on Indian services, however, the big demand is coming from life sciences and healthcare in areas directly impacted by the need to get medical equipment manufactured at a rapid pace,” said Phil Fersht, chief executive, HfS Research.

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