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Friday, June 26, 2009

ID project can catalyse domestic IT business, open new markets

 IT News     No comments   

All major domestic players are likely to bid for the project valued around two billion dollars

 

The government plan to provide unique identification numbers to all Indian citizens could be a "big catalyst" for the IT business which for some time has seen a decline in big ticket projects. Industry analysts feel that all the major domestic players like TCS, Infosys, Wipro and Mahindra Satyam are likely to bid for this ambitious project, which could be, valued around two billion dollars.

                  

"The project would act as a big catalyst. The Unique ID project will overlay many underlying projects, creating huge efficiencies for the country leading to enhanced governance and reduced costs," Som MIttal, President of IT industry body Nasscom, said. And once implemented, it would open up new markets. "The domestic IT market is still hugely untapped," Mittal said.

 

Source: The Economic Times

 

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