Bangalore April 29

It might not be a cakewalk anymore for the large MNC players in the Indian IT outsourcing market. As large deals begin to emerge from the Indian market, homegrown IT services firms are seen upping the ante in their own backyard.

The top-tier Indian IT vendors, who had largely shunned the Indian market for want of lucrative prices, are now seen aggressively bidding for domestic deals.

As these firms make it big in the global IT arena, the share of revenues from the domestic market is also on the rise.

The `total outsourcing' deals, wherein the engagement spans segments such as consulting, software development, hardware integration and infrastructure management, among others, are beginning to catch up especially in the banking, finance and insurance and telecom verticals.

So far, MNCs such as IBM and Accenture dominated the Indian IT market, winning mega deals from companies such as Bharti, Dabur and Idea Cellular.

But they are seeing increased competition from the Indian vendors.

contd on page 2...