India to contribute 5% of Infosys global revenue by 2012

New Delhi, Oct 30 (UNI) Country's leading software exporter Infosys today said it expects India to contribute more than five per cent of its global revenue over the next five years.

''India will be a significant part of our revenue profile, by significant, I mean it will be over five per cent and the drivers of growth in India will be financial services, telecom, manufacturing and retail, '' said Infosys Technologies Managing Director and CEO Krish Gopalakrishna told reporters here today.

India currently contributes about three per cent to the company's global revenue. Infosys has recently set up a special business unit to drive its revenues from India and targets significant revenues from the local market.

Mr Gopalakrishna said that the country would see more multi-million dollar deals but those would be smaller in size.

He added that the Indian customer now is ready to pay a higher price for an integrated solution rather than discrete solutions, which is further boposting the Indian IT sector, which he pegged to be about five to six billion dollars.

The company is also on reorganisation mode to focus more on growing markets, broaden its customer base and strengthen its business.

It will have a separate business unit focusing on India's growing domestic market, and another new unit that will expand its business in Australia, China, Japan, West Asia, Canada, South America and Latin America.

It also plans to consolidate sales and marketing and its strategic global sourcing' functions under corporate sales and marketing.

Infosys also plans an increased focus on research and development as part of the restructuring. ''India has a strategic value more than market value. It provides a good learning ground and is quick to adopt newer technology. So, though the revenues might be low here, it ranks high in terms of investment,'' company Senior Vice President and Unit Head Communication Service Providers Subhash Dhar told UNI.

He, however, refused to qoute any figures.

Mr Gopalakrishnan said that the company has over 80,000 employees currently and has already made campus offers to around 18,000 for next year.

UNI