INCAT, a provider of Product Lifecycle Management (PLM) services to automotive, aerospace and durable goods manufacturers, today announced it is launching operations in India.
Warren Harris, COO of the Detroit-based INCAT, said: "We see an exciting future for INCAT in India. We need to be here for several reasons. India is an increasingly dynamic market in its own right. There are significant opportunities for us with the rapid growth of India's automotive and emerging aerospace industries.
"Our global customers are continuing to establish their own engineering centers in India, and they are asking us to provide access to services from India for their global operations."
INCAT was acquired in October, 2005 by Pune-based Tata Technologies Ltd for 53.4 million pounds Sterling -- the largest Indian acquisition into the European software and IT services sector to date.
According to Patrick McGoldrick, managing director of Tata Technologies, "We are proud to bring such a major company from the U.S. into India. Combining INCAT's high-end onshore strengths with offshore delivery capabilities from India means INCAT immediately becomes India's leading specialist company in global Engineering and Design (E&D) services. Our objective is for INCAT to become the world leader in the growing market for E&D and product-centric IT services -- a market reported by NASSCOM to be worth US$650 billion."