Infosys’ Vice-President and Head for India Business Raghu Cavale told Business Line that India Post is in talks with the IT major to source hardware and software for the next phase of its computerisation. This project will involve sourcing of low-cost 7-inch and 10-inch tablets and the development of apps for them. Infosys will also develop intellectual property (IP) out of its Bangalore office for these apps.
While the tablets will be used by the postman to enter data such as digital signatures and a delivery challan, the apps will be used by India Post to update its backend database in real time, helping it cut down on errors and fraud. India Post covers about 200 million customers across India and offers small savings schemes, postal life insurance, rural postal life insurance, pension payments and wage disbursements.
The postal department is looking at these solutions as a part of its modernisation drive and to increase operational effectiveness.
Growth forecast
On its part, Infosys sees its India business growing to about $1 billion in the next four years. It recently bagged a key IT outsourcing and consulting deal with India Post and another deal from the Income-Tax Department for its electronic TDS division.
At present, the India operations of Infosys contribute 2 per cent of its $7-billion revenues but the software major considers India one of its key emerging markets. This importance can be gauged from the fact that Infosys’ India business is one of the four verticals within Infosys that reports to the board directly.
The India Post project, which Infosys bagged recently, is worth Rs 700 crore. This project is aimed at spreading financial services across 1.5 lakh post offices in the country. As part of the project, Infosys will also install 1,000 ATMs for India Post to increase the effectiveness of its delivery channel.
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