Unique ID spinoffs for banks, IT
The immediate opportunity here is for the IT companies, most of whom have already started gearing up to the huge demand in the country itself. With a population nearing 1.2 billion, the country would need a massive infrastructure to support CSMS. Not only the banking industry but also the post offices (which in rural India are a substitute for banks) need to gear up to meet operation requirement. This is good news for hardware and software companies. There are a few Indian companies like Vakrangee Software who are actually the feet-on-the-ground, best positioned to take advantage of this mapping opportunity. Among the bigger companies, TCS has taken bold steps in penetrating the Indian market. Source: Unique ID spinoffs for banks, IT