India Post, TCS to sign Rs 1,400 cr IT deal on Monday
The project is
divided into two parts --two years for implementation and five years of
maintenance.
"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 told.
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.
The 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. The Department of Post has started deploying
modern technology solution to develop core banking capability across post
offices. As part of modernisation, it has set a deadline of March 31 to
computerise all department post offices.
The IT
modernisation project approved the Cabinet was divided in three parts: Pilot,
Phase I and Phase II.
In phase 1, DoP has to roll out modern IT solution in six
circles namely, Assam , Karnataka, Maharashtra ,
Rajasthan, Tamil Nadu and
Uttar Pradesh.
The project
included computerisation of all post offices, core banking solutions including
installation of 1000 ATMs, mail tracking, customer service call center and
introducing eCommerce solution, handheld devices for post masters for update on
services like mails, money order etc.
Some
activities like installation of ATMs under Phase 1 are yet to be completed by
the department.
Under phase
II of the IT project, DoP has plans to roll out modern IT solution in rest of
the country.