Friday, Aug 19, 2022
Outlook.com
IT Exports

Continental, Anyone?

With the US in a slump, Indian IT firms take a fresh look at Europe's wholesome markets

Continental, Anyone?
illustration by Jayachandran
Continental, Anyone?
outlookindia.com
-0001-11-30T00:00:00+05:53

In the past few months, several Indian software giants have either made fresh forays into the European markets or increased their presence there. For some, over 35 per cent of their revenues are now being generated from the European markets alone. So much so that some expect software exports to Europe in the current fiscal to exceed those to the US.

Software giant Wipro has expanded operations in Europe, while TCS has a substantial presence in the UK and is expanding to other nations in the continent. Infosys Technologies too is concentrating on Europe and the Asia-Pacific, even China, as its new focus areas. Some others who have trained their sights on Europe include i-flex, Aptech and ICICI Infotech.

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