New Delhi, Aug 27, 2009 (WAM) -- Leading Indian IT companies have just been awarded cumulative deals worth around US$ 1.5 billion by British Petroleum (BP) as part of its efforts to cut costs.
Reports here indicate that BP, one of the worlds largest oil and gas sector companies, has awarded the deals to Tata Consultancy Services (TCS), which had earlier won software projects for underground trains in UK, Infosys, Wipro and IBM. The Indian IT sector has been down a little due to the worldwide recession, but the BP deal will be a big boost to the industry here. Spread over five years, the outsourcing deals will help BP cut costs by around 30 per cent. TCS Chief Operating Officer (COO) N Chandrasekharan said that TCS had made strong investments in the technology-led It sector, and that the BP deal justified that investment. --GL/MAS/SA--Copyright Emirates News Agency (WAM) 2009.
