India Awards ₹7.9 Billion PAN 2.0 Project to LTIMindtree
India’s government has awarded the PAN 2.0 tax card upgrade project to IT services firm LTIMindtree for ₹7.9 billion ($90.14 million), according to a tender document released by the finance ministry. The government received four bids for the contract, with LTIMindtree securing the deal to modernize and enhance the Permanent Account Number (PAN) system.
The project, approved by Prime Minister Narendra Modi’s administration in November 2024, aims to strengthen India’s tax infrastructure and is expected to become operational within 18 months, a government source said. Shares of LTIMindtree rose as much as 1.2% to ₹5,077 following the announcement.
Neither LTIMindtree nor the income tax department responded to requests for comment from Reuters. The PAN 2.0 initiative is expected to bring significant technological upgrades to India’s taxation framework, enhancing efficiency and ease of use for taxpayers across the country.
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