For IT, a $16 billion deal feast on the table

India’s top software exporters are set to compete intensely with local and overseas peers for a sizeable share of the estimated $16 billion of global IT services large deals that will come up for renewal in the next six months.

In an environment marred by slowdown in technology spending, these big-ticket renewals -valued over $250 million each- will trigger a slugfest among domestic and multinational companies, said industry experts.