Wipro wins Indian Government Finance Ministry deal
SOURCE: Press Release
DATE: March 8th, 2010
Domestic Indian markets are an area of focus for IT vendors in India and large established multi nationals with operations in India. A number of these deals seem to be going to the larger firms. IBM, Accenture have had a fairly high success rate in winning these domestic deals. If the government press release is to be believe there is about $ 10 billion in money for IT governance projects being set aside in India. The $10 billion Indian e-Governance marketplace
Press Release
Wipro Infotech, the India and Middle East IT Business of Wipro Ltd (NYSE:WIT) , has won a turnkey project from the Financial Intelligence Unit – India, Ministry of Finance.
As part of the project, Wipro will implement FINnet (Financial Intelligence Network) for the Financial Intelligence Unit.
The scope of services includes development of portal, data warehousing, de-duplication, analytical application and ERP implementation at the data centre and disaster recovery site.
The project is scheduled to be completed in 24 months, in different phases, with a further service period of 36 months.
According to a press release, IT enablement of key processes would ensure substantially higher productivity, faster turn-around-time and effective monitoring in all areas of the unit’s work.
Economic crimes
The project assumes significance in light of growing economic crimes within the country and the Government’s efforts to arrest it.
With this project, the Government intends to use technology to bring efficiency into analysis of data, added the release.
Mr Arun Goyal, Director, Financial Intelligence Unit India, said, “Wipro has been selected through an open and stringent bidding process. We are keen on timely implementation of the project as it will significantly enhance the unit’s capabilities to collect financial information from various reporting entities, analyse it and disseminate actionable information to various law enforcement and intelligence agencies.”
Mr Ranbir Singh, Head, Government Vertical, Wipro Infotech, said, “This is a very prestigious project for us and we are delighted to have been selected for it. We are confident this implementation will bring in more effective governance from both the economic and security point of view.”
Related Posts
You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
