The Economic Times (India Times) had an interesting article that discussed the big Indian vendors’ pursuit of outsourcing business in China.  I was especially struck by the inroads that they appear to be making into China’s financial services industry.

‘“We are looking at opportunities with the big four Chinese banks,” said TCS Asia business head Girija Pande. “The core banking software deals at tier-I banks could be around $100 million each,” he added. TCS, which won a $100-million contract from Bank of China last year, has a core banking software product BaNCS, which competes with Infosys’ Finacle and Oracle Financial’

The Economic Times article does acknowledge the competition from Longtop International and VanceInfo (NYSE: VIT), but I’m surprised that there isn’t more “pressure” for the big financial institutions in China to source projects with domestic suppliers.  Curiously, the story didn’t even mention Chinasoft.

I can’t help but wonder whether China’s financial services industry will, at some point, start feeling a bit nationalistic and lean more towards Chinese vendors.  I guess that we’ll see.

Technorati Tags:  China, China Outsourcing