Mumbai: British Telecom plans to increase its annual revenue from India to $250m from less than $100m at present. BT Global Services is targeting the big corporates which are investing in India and those Indian companies that are drawing outwards.
BT's current employees in India number about 12,000, to be increased by 6,000 within three years, which means new jobs for Indians. The company evinces no interest at present in India's consumer market. Recently Tech Mahindra, a collaboration between BT and Mahindra & Mahindra floated a public issue which was oversubscribed 78 times.
Multi-nationals have been outsourcing more of their operations to India to take advantage of the country's relatively low labour costs. BT has been seeking to boost its business overseas and outside its core fixed line rental business in the UK that has been declining due to greater competition.