Citi set to close 'Take or Pay' deal with Indian vendors.

(From Business Line)

from BUSINESS LINE, February 16, 2006 Mumbai, Feb. 15 - CITIGROUP, the global financial services giant, is in the advanced stages of signing a mega multi-million dollar five-year contract with multiple Indian vendors, of which Tata Consultancy Services is likely to bag a significant chunk

The global competitive bidding for this contract is said to be complete and the contract is in the last stages of being finalised

Spelling out the broad contours of the deal, Mr Mitchell Habib, CIO, Citigroup North American Consumer Business, said the initial engagement would involve a manpower requirement of 2,200 people in a year, which could …