13TH EDITION OF ‘DESIGN AND ENGINEERING SUMMIT’ ORGANISED BY NASSCOM

13TH EDITION OF ‘DESIGN AND ENGINEERING SUMMIT’ ORGANISED BY NASSCOM

Context:

The 13th edition of ‘Design and Engineering Summit’ organized by NASSCOM with the theme ‘Engineering the next’ has been organised on 6th-7th October 2021. Shri Rajeev Chandrasekhar, Minister of State for Electronics and IT, Skill Development and Entrepreneurship, virtually attended the Summit.

Significance of the Summit:

• The summit is celebrating the Global Engineering and Design effort with a special focus on 4 objectives- driving research and innovation to create value, co-creation for scale and growth, digitisation for customer success and faster product cycle defining the future of work framework and aligning the business to sustainability goals.

Shri Chandrasekhar on the Summit:

• He noted that the Engineering, Research & Development (ER&D) sector generates $31 billion-plus revenue and is home to more than 1000+ global companies that have set up centres in India for product R&D across diverse sectors.
• 12 of the top 50 Engineering Service Providers are headquartered in India and 44 of the top 50 Service Providers have ER&D operations in India.
• Over 70% of the 50 most innovative global companies have an R&D centre in India. It’s almost like there is `India Inside’ in almost every product we consume.

NASSCOM:

• The National Association of Software and Service Companies is an Indian non-governmental trade association and advocacy group.
• It is focused mainly on information technology and the business process outsourcing industry.
• It was established in 1988.
• It is a non-profit organisation.