Wipro ineligible for World Bank contracts

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Posted: Monday, Jan 12, 2009 at 1034 hrs IST
Updated: Monday, Jan 12, 2009 at 1034 hrs IST

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New Delhi: The country's third largest software exporter, Wipro, said it is not eligible to contest direct contracts with the World Bank till 2011.

In June 2007, the World Bank had determined the IT firm to be ineligible to contest 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 disclosed its vendor status with World Bank.

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Wipro ineligible for World Bank contracts

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