Page 31 - MMI-Oct2022- upload

SIMULATION AND MODELING

SOLVING REAL-WORLD PROBLEMS SAFELY

An overview of how simulation can reduce time and cost in R&D, which
otherwise is costly and time-consuming owing to the complexity of the vehicle

system and design…

Source: Ansys India

cross industries, design- ly increasing over the years. All India-based manufacturing com-
A ers and engineers are the governmental efforts towards panies. India-based GCCs and
‘Make in India’ seem to be slowly
constantly undertaking
ESPs have extended their space to
hypothesis testing. They are on a bearing fruit. assume end-to-end ownership of
never-ending expedition to find global products. They are playing
out what design will look right India and R&D a vital role in planning the enter-
and fit the need of the hour. Test- Things are certainly looking prise-wide digital transformation
ing and iterating are the essence up, and India even attracted tactic. Furthermore, India-based
of research and development. US$343.64 million in foreign GCCs and ESPs also support cus-
Major companies spend billions direct investment equity in- tomized localization to unlock
of dollars every year on their flow into R&D in 2021, a jump new market segments for global
R&D efforts. of 516 percent YoY. According enterprises and build products
As per a study conducted by NITI to NASSCOM, India’s share in that are ‘Made for India’ and for
Aayog and Institute for Competi- the global engineering and R&D the world. At present, India is sec-
tiveness, India’s spending on R&D market is projected to grow at a ond among the countries with the
is among the lowest in the world, CAGR of 12-13 percent to reach largest increase in contributions
DILIPKUMAR DAMERA and to achieve the goal of a US$5 US$63 billion by 2025, up from made to high-quality scientific
Application Engineering trillion economy, the gross domes- US$31 billion in 2019. India’s research. With its fast-paced in-
Manager - Presales
Ansys India tic expenditure on R&D (GERD) current share of the GERD out- novation drive, India is poised to
dilipkumar.damera@ needs to advance. Although still sourcing market is 30 percent, emerge as the most sought-after
ansys.com
low, India’s GERD has tripled and the country aspires to reach destination for scientific research.
between 2008 and 2018, from 50 percent within a decade.
`39,437.77 crore in 2007-08 to Our Engineering R&D scene Increase in R&D spending
`1,13,825.03 crore in 2017-18. The comprises Global Capability Cen- in the Automobile industry
growth is apparent, and GERD in ters (GCCs), Engineering Service Currently, the Automobile in-
the country has been consistent- Providers (ESPs), Startups, and dustry is undergoing its biggest

November-December 2022 | 31
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