Wipro ineligible to bid for World Bank contracts till 2011
The country's third largest software exporter, Wipro, said it is not eligible to contest for direct contracts with the World Bank till 2011.business Updated: Jan 12, 2009 11:32 IST
The country's third largest software exporter, Wipro, on Monday said it is not eligible to contest for direct contracts with the World Bank till 2011.
In June 2007, the World Bank had determined the IT firm to be ineligible to bid for direct contracts from the global lender for the period 2007-2011, citing conflict of interests, a Wipro spokesperson said.
To date, Wipro's revenue from the World Bank is insignificant, a statement from the company said.
"Our inability to get future business from World Bank will not adversely affect our business and results of operations," it added.
In connection with the revised disclosure policies, the company today disclosed its vendor status with World Bank.