Information technology major Tata Consultancy Services (TCS) has bagged the Rs 1,400-crore project of India Post for computerising counter operations and the two parties will sign a pact on Monday.
The government has approved Rs 4,909 crore for phase II of modernisation of post offices under which the department is gearing up for providing real time core banking services as well.
"We will sign agreement with TCS on Monday for computerising counter operations under core system integration of India Post. Around Rs 1,400 crore has been earmarked for the project," Department of Post Secretary P Gopinath said.
The project is divided into two parts - two years for implementation and five years of maintenance.
Indian IT companies, which earn major part of their revenues from foreign markets especially the US and Europe, are betting big on the domestic government projects.
TCS had also bagged the mission mode e-governance project and Passport Seva Project from the MEA in October, 2008.
Infosys has bagged a 700-crore project that would help India Post transform its banking and insurance operations cross 1,50,000 post offices in the country.
With inputs from PTI
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