BANGALORE : Infosys Technologies, India's second-largest IT services exporter, has bid for more than 10 large government projects in India, an
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official said, as part of a drive to lower its dependence on the US market.
Infosys, which gets more than half its revenue from the United States, plans to generate $1 billion worth of business from the domestic market in 2-3 years from "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 said. "We have a very healthy pipeline right now."
Outsourcing firms such as Infosys and bigger rival Tata Consultancy Services are tapping new markets such as India, China, Japan and countries in Europe to beat a recession in the United States.
The Indian firms face competition from big global players such as IBM Inc, Hewlett-Packard, and Accenture that have raided their home turf as they look for growth outside their mature markets.
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