India trio to win $1b deal

• Source: Global Times
• [04:01 November 24 2009]
• Comments

Indian outsourcers such as Tata Consultancy, Infosys and Wipro stand to gain contracts worth about $1 billion in the next one or two years as US banks emerge from the troubled asset relief program, the Economic Times reported  Monday.

The newspaper said JP Morgan, Goldman Sachs and Morgan Stanley, with approval to buy back government stake worth $68 billion, are among firms seeking operational efficiencies by outsourcing non-core IT and back-office projects to India. American Express, Bank of New York Mellon and Capital One, which have started repaying government debt, are also considering outsourcing.

Reuters