India's Engineering Process Outsourcing (EPO) would touch 30 billion U.S. dollars by 2015, up from its current size of 3 billion U.S. dollars, making India a hub of EPO, said a study released here by Indian Minister of Commerce and Industry Kamal Nath Friday.

Nath released the paper "Growth of Engineering Process Outsourcing from India" at the All India Awards presentation function of the Engineering Export Promotion Council (EEPC) here.

The estimated demand for engineering process outsourcing to India has grown at 30-35 percent since 2004, the study said, adding the global EPO market is poised to grow to 110-140 billion US dollars by 2015.

The minister said the recommendations of the strategy paper would be carefully looked into so that the EEPC could play a proactive role in promoting the EPO sector, besides export of engineering goods.

EEPC Chairman Rakesh Shah said engineering exports from India had touched the 26-billion-U.S. dollar mark in 2006-07 and flagged issues of concerns to engineering exports.

Source: Xinhua