Aviation biz to contribute 5% to rev in 3-5 years: Wipro

IT major Wipro is expecting business from its aviation vertical to take off, reports CNBC-TV18's Sunanda Jayaseelan. Last month, Wipro signed a 10-year agreement with GMR to provide it infrastructure and services for the Indira Gandhi International Airport at New Delhi. Now, it anticipates aviation to contribute over 5% of the group's overall revenues in the next 3-5y years.
Suresh Senapaty, CFO, Wipro, says, "IT spends maybe slow in coming in but our aviation business will ramp up over the next 3-5 years. They will be very substantial. We will see this business grow very large for us."
A large part of those revenues, Wipro says, will come from modernisation of 35 non-metro airports across the country.
GMR, while refusing to comment on the specifics of its partnership, says bidding opportunities will only pick up.
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Categories: Airports Nov 2009, Indian Aviation- In General Nov 2009