<p>IT major Infosys is aiming to raise the share of revenue from domestic market to 3 per cent by 2015 by focusing more on private sector as in government contracts decision-making is slow and gestation period is long.<br /><br /></p>.<p>Infosys’ domestic business accounted for about 2.6 per cent or Rs 9,616 crore in the June quarter, and most of this came from government contracts.<br /><br />“By 2015, I would be happy if this (the share of local business to the overall revenue) could become 3-4 per cent. At the same time, I know my colleagues will also grow, so I would say it will be a tough task, but realistically it should be 3 per cent,” Infosys domestic business unit head C N Raghupathi said.<br /><br />Infosys has about 50 domestic clients, but close to 70-80 per cent of its local business comes from the public sector.<br /><br />The domestic unit has about 1,500 people and counts the Income Tax department, the Railways, India Post and the Corporate Affairs Ministry as its clients.<br /><br />But going forward, the company plans to increase its focus on the private sector and this added revenue should come from them, he said.<br /><br />Explaining the rationale for the shift in focus, Raghupathi said, “The IT projects in the government sector have their own nuances. These are long durational and transformational projects.”<br /></p>
<p>IT major Infosys is aiming to raise the share of revenue from domestic market to 3 per cent by 2015 by focusing more on private sector as in government contracts decision-making is slow and gestation period is long.<br /><br /></p>.<p>Infosys’ domestic business accounted for about 2.6 per cent or Rs 9,616 crore in the June quarter, and most of this came from government contracts.<br /><br />“By 2015, I would be happy if this (the share of local business to the overall revenue) could become 3-4 per cent. At the same time, I know my colleagues will also grow, so I would say it will be a tough task, but realistically it should be 3 per cent,” Infosys domestic business unit head C N Raghupathi said.<br /><br />Infosys has about 50 domestic clients, but close to 70-80 per cent of its local business comes from the public sector.<br /><br />The domestic unit has about 1,500 people and counts the Income Tax department, the Railways, India Post and the Corporate Affairs Ministry as its clients.<br /><br />But going forward, the company plans to increase its focus on the private sector and this added revenue should come from them, he said.<br /><br />Explaining the rationale for the shift in focus, Raghupathi said, “The IT projects in the government sector have their own nuances. These are long durational and transformational projects.”<br /></p>