Indian IT's "Powerful Message"

By Steve Hamm: "ABN Amro's mega-outsourcing deals awarded to Tata Consultancy Services and Infosys may bring Indian outfits closer to global leadership

Banish any doubt that Indian providers of software services have entered the tech industry's big leagues. Proof came Sept. 1, when Tata Consultancy Services and Infosys Technologies (INFY ) won large chunks of a five-year, $2.24 billion outsourcing pact from Dutch banking giant ABN Amro (ABN ). TCS's $250 million cut was the biggest deal ever won by an Indian outsourcer. The Mumbai-based company will provide software application maintenance and support in Northern Europe and Brazil. Infosys, which won a $140 million share of the pact, will offer similar services to the bank's operations in North America, Europe, and Asia. "