Tech Mahindra sees “stable growth” market in Bangladesh

BENGALURU: Tech MahindraNSE 0.50 % is eyeing opportunities in neighbouring Bangladesh, as India’s fifth largest IT servicesNSE -0.08 % exporter considers it a politically stable and growing economy.

The $4.9 billion IT services firm receives more than 5% of its overall business from India currently, and is looking to create more opportunities in neighbouring markets.

Bangladesh was one of the most prominent among emerging markets in the Asian region and its technology projects are similar to those in India, said Sujit Bakshi, President, India Business at Tech Mahindra.