Friday, July 24, 2009

Infosys sets sights on $2 bn govt deals to keep slump at bay

Infosys Technologies is banking on the new-found penchant of various government arms to take to technology, which could translate into orders worth $2 billion, as it waits for its mainstay western markets to bounce back from the depths of a global financial downturn.

India’s second-largest IT services company by sales on Tuesday bagged a commerce ministry project to launch a virtual gateway on how to do business in India, which, according to one of its top executives, could be the first in a series of such deals. The company is bidding for several large outsourcing deals in the public sector, including the ones to be awarded by the state-run telecom operator BSNL, the defence forces and Indian Railways.

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