With its key export market US yet to show any signs of revival, Infosys on Thursday said it would bid for all big government projects in the country and would target a billion dollar (Rs 5,000 crore or Rs 50 billion) revenue from India in the next 3-4 years.
"We are now going after the large government projects, deals which are over Rs 200 crore (Rs 2 billion). We are targetting a billion dollar revenue from the services business in India in 3-4 years time-frame," Binod H R, senior VP and head of India Business Unit, Infosys, told PTI.
The Nasdaq-listed IT exporter's rival TCS had also earlier said that it was expecting one billion dollar revenue from India over the next 3-4 years.
"We are going after both government and private projects in the IT services business. But it is going to be 90 per cent... government (projects), while 10 per cent from the private sector."
Most of the growth would right now come from the government sector as private sector has already made a lot of investment in IT. Probably, they would go a little slow on the investment at this moment due to recession, Binod said.
He said revenue from India is very low at the moment. The company has bid for the IT pilot projects of the railways.
Infosys's India business is fairly new that was started at 2007-end and is a separate business unit. Earlier, he had said that the firm had taken a conscious decision not to participate in the local market.
