BUDGET 2000
SPECIALS
INTERVIEWS
COMMENTARY
GOVT&ECONOMY
Y2K: BIZ FEATURES
INDIA & THE WTO
CREDIT POLICY
BIZ IN THE USA
CARS & MOBIKES
MANAGEMENT
CASE STUDY
BIZ-QUIZ
USEFUL INFO
ARCHIVES
NEWSLINKS
SEARCH REDIFF

MSC Software Corporation eyes Indian market

Fakir Chand in Bangalore

MSC Software Corporation, the US-based leading provider of computer aided engineer software products for simulation, has set its eyes on the Indian industry, which is recovering from a three year-long recession.

In the run-up to expanding its operations in India for making its presence felt at a later date, the $150-million NASDAQ-listed global company has tied up with the Bangalore-based CSM India Limited to supply software solutions and services to its customers in the manufacturing and processing industries.

Though the Los Angeles-based MSC had acquired CSM's parent company, also based in the US, during the fourth quarter of last year, the Indian outfit was spun off as a separate entity for `strategic' reasons, which were hard to come by from both the partners.

MSC chairman and CEO Frank Perna, however, told this correspondent here during the weekend that the exclusive partnership envisaged MSC to outsource its software solutions from CSM for its global customers, besides developing new versions all the while.

"The emerging visual and web-based technology for enterprise-wide simulation will enable the Indian manufacturing industry to leap frog from its traditional brick and mortar approach to designing and manufacturing products or applications for a competitive edge, especially in aerospace and automotive companies.

"CAE simulation is critical for the advancement of manufacturing basis in a vast country like India as companies can take the full advantage of its enormous software talents to not only deliver the solutions, but also enable them to compete in the international markets in terms of quality, delivery, and cost price."

As a subsidiary of the US-based CSAR, now acquired by SMC, CSM has been delivering CAE tools to a host of leading Indian customers such as HAL, NAL, and ISRO TCS-GE, TELCO, and Mahindra and Mahindra, to name a few during the last couple of years.

Perna admitted that the US sanctions against India in the wake of the Pokhran nuclear tests two years ago had restricted and delayed supply of certain CAE tools and technology support to the Bangalore-based National Aeronautics Laboratories and the Indian Space Research Organisation, which are managed by the federal government.

Some of the MSC's leading CAE tools, including Patran, Dytran, Nastran, and SuperForge for engineering analysis and finite element analysis are most popular with its global customers like Boeing, Lockheed, British Aerospace, Ford, GM, Benz, and Toyota.

Growing at the industry's average rate of 20-25 per cent, SMC is targetting a revenue generation of $180 million during this calendar year and hopes to cross $500 million by 2005.

Business News

Money