Dec 4, 2006

TCS GETS $100 m Order From Bank of China

TCS - the largest software company in
Asia, has won a landmark deal worth US$ 100 m from the one of China's
biggest banks, Bank of China (BOC). The deal is one of the major
IT-related deals signed by a Chinese bank ahead of the opening up of
the country's banking sector to foreign competition by December 11,
2006 under Beijing's commitment to the WTO. All major Indian IT
giants, including TCS, Infosys, Satyam, Wipro, NIIT, and i-flex have
set up bases in China, servicing their multinational customers in the
country and targeting the huge domestic software market as well as the
Japanese and South Korean markets. Meanwhile, TCS and its Chinese
partners are expected to get their business licence soon for their
Beijing-based joint venture, another milestone in the company's bid to
expand its global footprint.

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