Cognizant, which derives a major portion of its revenues from North America and Europe, sees major opportunities in the Indian market.
Past deals in Indian market with other companies:
Deal of Bharti Airtel ($750 million for ten years) several years back went to IBM, the recent deal for their DTH services was signed with Infosys for all their devices, application server
and interactive applications.
In the banking space, there are examples in Vijaya Bank, Union Bank of India and Oriental Bank of Commerce, where Infosys won the core banking solution business while Wipro won the systems integration piece. State Bank of India works with Infosys on the core-banking front and Mphasis (part of EDS) for its BPO functions.
What this essentially means is that even without competence in the infrastructure or the hardware side, IT companies can win fairly large pure-play services contracts in India.
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