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Infosys has bid for over 10 India govt deals
Published on Wed, Aug 19, 2009 at 15:42 in Business section
Tags: Infosys, Infosys Revenues , Bangalore
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Bangalore: Infosys Technologies, the country's second-largest IT services exporter, has bid for more than 10 large government projects in India, an official said, as part of a drive to lower its dependence on the US market.
Infosys, which gets more than half its revenue from the United States, plans to generate $1 billion worth of business from the domestic market in 2-3 years from "insignificant" level now, the head of its India business unit, said.
"There are large opportunities in India. So we are definitely going to go after these kinds of businesses very aggressively in India," Binod Rangadore told Reuters in an interview. "We have a very healthy pipeline right now."
Outsourcing firms such as Infosys and bigger rival Tata Consultancy Services are tapping new markets such as India, China, Japan and countries in Europe to beat a recession in the United States.
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They can bid as many as they want, but if they gain some undue advantage because of one of their
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