Wal-Mart to Invest $500 million in India
Wal-Mart is expected to offshore its business and back office operations to India. The company has shortlisted Wipro, Infosys and TCS for its $500 million contract for a five-year term. Through this initiative, Wal-Mart may also serve its customers worldwide with online product sourcing.
The company spokesman, John Simley had earlier said that Wal-Mart was in discussions with various IT service providers. It maintains in-house IT team which overlooks its retail operations and online activities. With nearly 10, 000 retail stores across the US, and other European countries and $400 billion in annual revenues, Wal-Mart is looking for major technology-driven expansion in India.
Other retailers that include US-based Home Depot have already outsourcing their operational activities third party service providers in India for cast-efficiency. The company has already entered into an agreement with Bharti for retail operations.
- Vishal Sikka's AI Venture To Boost Human Creativity: Report
- Infosys CEO Sets A 3-year Transformation Strategy
- Digital Disruption Boosts Business Growth, Revenue: Study
- Telecom Consolidation: Tata Tele Merges With Airtel
- 5 Specs Of A Futuristic Office Space
- Infosys To Hire 6K Techies Over The Next Two Years
- Weekly Rewind: Top 10 Stories On CXOToday (Aug 21-25)
- Can Nandan Nilekani Bring Infosys Back On Track?
- Infosys Saga: Nandan Nilekani Appointed Chairman
- Infosys Saga: Leadership Lessons For Founder-CEOs