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September 09, 2005
India's Infosys Tech Sees Growth in Europe
One of India's largest technology outsourcing companies, Infosys is seeing significant market expansion in Europe in the next several years according to its CEO.
The tech outfit which prides itself as a low cost leader in IT services recently won a $140 million deal with Dutch ABN Ambro bank. Currently Infosys is the fastest growing IT services firm in Europe.
As most European IT services firms lack offshore capabilities US and Indian firms are gaining significant marketshare in the EU region.
Relatively cheap and highly skilled labor force in India is also attracting many large US IT outsourcing firms to open up service centers in the country. As of last year outsourcing giant IBM had 23,000 employees in India.
Posted by admin at September 9, 2005 08:00 AM