Tata of India Wins $100 Million Bank of China Contract
Submitted by Bill Belew on Monday, 4 December 2006No Comment
IT major, Tata Consultancy Services (TCS) of India won a $100 million contract from the state-run Bank of China.
The deal is a win-win for India and China.
India gets the business, the deal was signed before the Dec. 11th when China is required to open up the banking sector fully to foreign competition.
China gets brownie points in its commitment to the WTO.
TCS has its sights not only on China, but also on Japan and the entire Asia-Pacific region.
Until now, all Indian IT giants, Infosys, Satyam, Wipro and NITT, and i-flex have had a presence in China, but mostly servicing their own multinational customers.
This is a big break for TCS to get such a visible Chinese customer.
What do you think?
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