Intending to transform India Post into a technology-enabled autonomous entity, the software giant Infosys was selected by India's Postal Department for implementing core banking and insurance solutions in 1,50,000 post offices across the country. If reports are to be believed, the project costs Rs 700 crore. 

It is reportedly said that the latest move taken by Indian postal department is a part of the 'India Post 2012' modernization program that aims at bringing transparency, agility, flexibility and scalability to India Post's operations.

Reliable insiders informed, for the latest project, Infosys will support India Post in the following ways: 

1. Completes System Integration including designing, building, supplying, installing and commissioning hardware and software. 
2. Offers multi-year managed services support, application support and infrastructure operations. 
3. Data migration and deployment of the platforms and solutions across all identified post offices.
4. Offers training more than 35,000 India Post employees across the country on the usage and deployment of the new platform and    solutions. 

According to CN Raghupathi, VP and Head India Business at Infosys India, Infosys will be drawing upon its expertise and domain knowledge across the banking and financial sector, to transform India Post's services to empower end-consumers. The latest project bagged by Infosys will offer rich scope to innovate and optimize the largest financial and insurance distribution channel in the country.  

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