‘Long road to Nasscom’s $100 billion engineering R&D goal’

Bengaluru: Nasscom may have set a $100 billion by 2025 goal for India’s engineering research and development sector, but industry executives believe several factors — from government policies to availability of talent — will have to fall in place for it to get there.

The Indian ER&D sector already employs about 7,00,000 people in the country, which could rise to one million by 2025, if the conditions for growth become more favourable, experts said.

“This is an aspirational target,” said Karthikeyan Natarajan, global head for engineering, IOT and enterprise mobility at Tech MahindraNSE 0.26 %.

“We have to stretch to get here and several aspects will need to fall into place. We will need government support in aspects like incentives for setting up facilities and creating talent skills.”