by: Karen Cayamanda
Wednesday, November 10, 2010 | Outsourcing News |
Indian buyers granted 26 IT and business process outsourcing (BPO) contracts in third quarter of this year, adding up to the annual contract value (ACV) of $290 million. According to global research firm Everest, this is more than double of the $129 million ACV posted in the same period last year.
“Indian companies are maturing to a level where they are handing out large outsourcing deals, transformational in nature. Companies are going global and at the same time competing in local market with MNCs (multi-national corporations), and hence they are looking to aggressively leverage technology for growth,” said Amneet Singh, Vice President-Global Sourcing, Everest.
Prominent deals granted to service providers include IBM’s outsourcing deal with Bharti Airtel and Jet Airways, and Wipro’s contract with Central Bank of India as well as UCO Bank.
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