BANGALORE, INDIA: Infosys Technologies, India's second-largest software services exporter, has set up a wholly owned unit in the United States to win outsourcing deals from government departments, a senior official said.
"The subsidiary in the U.S. has been formally set up and now we have to commit a business plan and hire people there," Chief Financial Officer V. Balakrishnan told Reuters on Friday. "It's too early to talk about its business plan."
Outsourcers such as Infosys and Wipro are focusing on winning contracts from new sectors such as government departments, healthcare and retail on the back of increased technology investments in these areas.
The export-driven software firms get bulk of their revenue from banking and financial services and manufacturing clients - the sectors that were badly hit by the largest economic downturn since the Great Depression.
Wipro, India's third-largest software exporter, is looking to win more contracts from the government and healthcare sectors as countries across the world look to trim costs, its co-CEO Suresh Vaswani said on Tuesday.
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