There is some more encouraging news for the Indian outsourcing industry. Indian software companies have stated that they are in a very good position to get a bigger share in the aerospace market as aero plane manufacturers are looking forward to controlling their costs since competition is hotting up. Aerospace accounts for eight percent of the market and this figure is expected to reach $1.1 trillion by 2020. M Ashok Kumar, Exec V.P, HCL states: Aerospace as a vertical is being focused more than the others, especially by companies like ours whose core strength lies in engineering. If we look at the current scenario then aerospace outsourcing has a very bright future and some say that in this sector sky is the limit. Indian outsourcing companies have been offering a number of services such as on-board electronics systems development, air traffic management, engine control and aircraft design. With the Indian offset policy requiring foreign airplane companies to spend a percentage of their Indian orders on buying services from local Indian companies the Indian outsourcing companies are expected to get a further boost. Via economictimes