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BANGALORE, India, Feb 3 (AFP) Feb 02, 2006 India's third largest software export company, Wipro Ltd., announced Thursday it won a 300-million-dollar outsourcing contract to globalise US-based General Motors' information technology systems. Wipro is among five who won the contract worth a total of 15 billion dollars, a Wipro executive told reporters in India's technology hub Bangalore where the firm is based. The other firms, EDS, HP, CapGemini and IBM, will provide system integration services, said Sudip Banerjee, Wipro's president for enterprise solutions. "The value of the contract (for Wipro) will be in the order of 300 million dollars over the next five years," Banerjee said. General Motors is one of Wipro's biggest existing clients in terms of revenue. "The contract will enable the company to double its revenues from General Motors every year from the existing 30 million dollars generated during the last four quarters," Banerjee said. "The company will ramp up its staff dedicated to General Motors from the present 500 to 1,000 for executing the contract," he said. International companies are increasingly outsourcing work to Indian technology firms due to low labour costs. Bangalore is home to more than 1,600 foreign and domestic technology companies. All rights reserved. copyright 2018 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.
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