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India Post deals: Indian IT bets big on domestic govt projects

The Indian IT companies, which earn major part of their revenues from foreign markets especially the US and Europe, are betting big on the domestic government projects.

While IT major TCS has bagged the Rs 1,400-crore project of India Post for computerising counter operations, Infosys has bagged another 700-crore project that would help India Post transform its banking and insurance operations cross 1,50,000 post offices in the country.

 India Post deals: Indian IT bets big on domestic govt projects

Reuters

For the $50-billion Indian software ex- port industry , the various e-governance projects are big opportunities. Nasscom has projected the business opportunity in e-governance over next three years is worth $9 billion. top IT vendors like TCS, Infosys and Wipro have already set up dedicated India units to tap these opportunities.

The government has approved Rs 4,909 crore for phase II of modernisation of post offices under which the department is gearing up for providing real time core banking services as

well.

The TCS project is divided into two parts --two years for implementation and five years of maintenance. TCS had also bagged the mission mode e-governance project and Passport Seva Project from the MEA in October, 2008.

The Department of Post has started deploying modern technology solution to develop core banking capability across post offices. As part of modernisation, it has set a deadline of March 31 to computerise all department post offices.

The IT modernisation project approved the Cabinet was divided in three parts: Pilot, Phase I and Phase II. In phase 1, DoP has to roll out modern IT solution in six circles namely, Assam, Karnataka, Maharashtra, Rajasthan, Tamil Nadu and Uttar Pradesh.

The project included computerisation of all post offices, core banking solutions including installation of 1000 ATMs, mail tracking, customer service call center and introducing eCommerce solution, handheld devices for post masters for update on services like mails, money order etc.

Some activities like installation of ATMs under Phase 1 are yet to be completed by the department.

Under phase II of the IT project, DoP has plans to roll out modern IT solution in rest of the country.

With inputs from PTI

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Updated Date: Dec 20, 2014 18:57:08 IST