MUMBAI (Reuters) - Leading Indian outsourcers such as Tata Consultancy , Infosys and Wipro stand to gain contracts worth about $1 billion in the next one or two years as U.S. banks emerge from the troubled asset relief program, the Economic Times reported on Monday.
The newspaper said JPMorgan (JPMorgan Chase & Co), Goldman Sachs (Goldman Sachs Group Inc) and Morgan Stanley (Morgan Stanley) that received approval to buy back government stake worth $68 billion earlier this year are among the firms seeking operational efficiencies by outsourcing non-core IT and back-office projects to India.
American Express (American Express Co), Bank of New York Mellon (Bank of New York Mellon Corpor) and Capital One, which have started repaying government debt, were also considering outsourcing, it said.
(Writing by Devidutta Tripathy; Editing by Ranjit Gangadharan)