Indian IT firms see rise in engineering research and development deals from their global clients
Synopsis
Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years. KPIT received a five-year software services deal estimated at more than $60 million deal from tier-I automotive company.
BENGALURU: Indian IT firms are seeing more engineering research and development service deals in their pipeline as global customers look to re-engineer and launch products faster in an uncertain market.Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years. KPIT received a five-year software services deal
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