TCS,Wipro in race

Indian technology firms including Tata Consultancy Services and Wipro are in pursuit of up to 25 billion rupees ($522 million) outsourcing contract from Indian Railways, the Economic Times said. State-owned Indian Railways plans to procure a human resources management system and other modules for integrating and automating its payroll, accounting and pension functions, the newspaper said on Monday. The organisation plans to spend around $1.5 billion over the next 2-3 years on technology, it said. "We will be coming out with a request for proposal very soon. The idea is to have build-operate-transfer models with the vendors," the paper quoted an unidentified senior railway official as saying.A spokeswoman for TCS declined to comment on the report, while Wipro officials were not immediately available. Indian Railways also plans to outsource its train scheduling and management system, in a deal valued at around 4.5 billion rupees, the paper said.TCS, Wipro and Mahindra Satyam are also bidding for this project, it said.

Source:in.reuters.com/article/businessNews/idINIndia-41493020090803