Infosys bids for over ten government projects


Infosys, which gets more than half its business from the United States, plans to generate $1 billion in revenue from the Indian market in 2-3 years versus an 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.”

He declined to set a timeframe for the outcome of the bids. Rangadore said the business from IT services in India was very small and bulk of the revenue in India came from Finacle, the banking solutions and services unit of Infosys. “The window of opportunity in India is probably in the next one to two years when most of the decisions will be made for large spending in India,” Rangadore said.

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