India’s top software service exporter, Tata Consultancy Services Ltd (TCS), sees Latin American sales more than doubling by 2015 as the company targets one of the world’s fastest growing regions.
TCS, which is owned by India’s biggest industrial conglomerate, provides IT, consultancy and outsourcing services in Mexico, Argentina, Chile, Uruguay, Brazil, Ecuador and Peru.
“We have a very aggressive growth project in Latin America for the next five years, we want to more than double our sales to over USD 1 billion,” Alejandro Valenzuela, manager for Peru, Chile and Ecuador, told Reuters in an interview.
“Latin America is really relevant to TCS because it has one of the fastest rates of economic growth,” Valenzuela said.
The region will grow up to 5% this year, according to the International Monetary Fund (IMF).
The economies of Brazil, the regional giant and member of the BRIC group of big emerging markets alongside Russia, India and China, and Peru will expand by about 7% this year, according to the IMF.
Valenzuela said the financial sector is central to the company’s Latin America operations.
Source:http://www.moneycontrol.com/news/business/tata-consultancy-to-double-latin-america-sales_472108.html
