BENGALURU: India’s information technology industry is gearing up for outsourcing contracts of more than $100 billion that are coming up for renewal during 2016-17 from customers including Deutsche Bank , UBS, Mitsubishi and Vodafone , according to research and outsourcing advisory firm ISG.The deal renewals come at a crucial juncture for India’s leading outsourcing firms such as TCS and Infosys , with a number of large customers such as AstraZeneca, Lowe’s and JPMorgan Chase opting to insource software projects and traditional billion-dollar contracts becoming increasingly rare.As per ISG, large technology customers such as British utilities firm National Grid, Deutsche Bank, UK’s Network Rail and Japan’s Mitsubishi currently have billion-dollar engagements with clients such as IBM, CSC, Hitachi and Carillion, all of which will come up for renewal."With market share of India-based providers increasing on yearly basis and the incumbency switch rates going up, the battle for renewal contracts is clearly poised in favour of Indian providers," said Dinesh Goel, partner and India head at ISG.Experts cautioned though that the pricing pressure that Indian IT firms have faced over the past few years will continue well into the coming fiscal, even as the market share battle between the likes of TCS, Cognizant and Infosys intensifies."The competitive intensity is going up in the industry and hence the pressure on pricing levels will continue. The scope and construct of the deals are also changing with infrastructure delivery models becoming hybrid (mix of cloud and on premise) quite frequently," Goel said.Infosys is likely to be determined to continue its recent momentum on large deals, after three consecutive quarters of outperformance that has prompted investors and experts to believe that the company is poised for a massive turnaround."Our deal wins have improved dramatically and we are approaching $800-900 million a quarter in large deals. That’s more than double of what we used to do," Infosys chief executive officer Vishal Sikka said at a recent investor conference.