Multi-billion dollar opportunity awaits India IT companies

Posted on 02nd Sep 2015 | 1026 views

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Over $1 billion (about Rs 6,500 crore)worth outsourcing contracts from companies such as US retailer Gap and British telecom firm Vodafone are coming up for renewal over the next one year.

Multi-billion dollar opportunity awaits India IT companies

As per the outsourcing advisory ISG, at least six such deals are set to expire in 2016.It was also found that nearly $250 billion worth of deals are set to be renewed over the course of the next 36 months. Multinational rivals like IBM and Hewlett-Packard are expecting to renew these contracts and at the same time home-grown software exporters such as Tata Consultancy Services and Infosys are looking to grab the deals from them.

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