Europe is emerging as the next growth market for Indian IT service providers, with the region accounting for more than a third of new delivery centres opened by top companies last fiscal as it continues to outpace the North American markets.
From TCS and HCLTech to Persistent Systems and L&T Technology Services (LTTS), Indian companies are increasingly making strategic tie-ups, setting up AI labs and pursuing acquisitions in the second-largest revenue-generating region.
