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Infibeam has entered into an MoU with IL&FS Township & Urban Assets for undertaking and implementing projects in the digital space and e-commerce for Central Government, various State Governments and private partners. For this purpose, Infibeam will set up a special purpose vehicle at the GIFT City, Gandhinagar. Infibeam targets revenue opportunity of ₹1,250 crore over a five-year period beginning financial year 2017-18. Analysts will watch the development.
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