Tata debuts INCAT in India

MUMBAI
 

JULY 26, 2006

INCAT, the world's
leading independent provider of Product Lifecycle Management (PLM) services to
the world's major automotive, aerospace and durable goods manufacturers,
announced it is launching operations in India.

Warren Harris, COO
of the Detroit-based INCAT, said, "We see an exciting future for INCAT in
India. We need to be here for several reasons. India is an increasingly dynamic
market in its own right. There are significant opportunities for us with the
rapid growth of India's automotive and emerging aerospace industries."

"Our global
customers are continuing to establish their own engineering centers in India,
and they are asking us to provide access to services from India for their global
operations."

INCAT, established
in 1989 and previously listed on the London Stock Exchange AIM, was acquired in
October last year by Pune-based Tata Technologies Ltd for £53.4 million - the
largest Indian acquisition into the European software and IT services sector to
date.

According to
Patrick McGoldrick, managing director of Tata Technologies, "We are proud
to bring such a major company into India. Combining INCAT's high-end onshore
strengths with offshore delivery capabilities from India means INCAT immediately
becomes India's leading specialist company in global Engineering and Design
(E&D) services.  Our objective is for INCAT to become the world leader
in the growing market for E&D and product-centric IT services - a market
reported by NASSCOM to be worth US$650 billion."

INCAT's India
Delivery Center is located at the Center for Advanced Engineering & Design
in Pune. According to Harris, "Including India, we have more than 3,000
employees in 45 cities in 12 countries, serving over 2,000 client organizations
that include 10 of the top 10 automotive OEMs and 5 of the top 5 aerospace
OEMs."