One of India’s leading holding companies, the Tata group, assures that Uruguay offers better conditions than other countries in the region to develop business, particularly in the technology industry.
The company employs some 25,000 people in Latin America through Tata Consultancy Services (TCS).
“Uruguay has given us the stability that generates tranquility for us to continue investing,” said the CEO of TCS for Latin America, Marcelo Wurmann.
He was in Montevideo visiting the company’s offices focused on technology solutions for global customers through its operation in the free zone Zonamerica.
“What we want are clear rules of the game and stability. Uruguay has the perfect mix, the talent, and what the government has invested in the (school) program that provides one computer per child.
“These are issues that generate differentiation compared to some other Latin American countries where the vision is unclear, ” the executive added.
When asked about the countries where they do not see such clear rules, Wurmann said he would not identify any in particular.
TCS has a presence in 45 countries with some 600,000 employees. In Latin America, they operate in nine countries and employ 25,000 people.
The largest centers in the region are in Mexico and Brazil, with some 10,000 workers, while in Uruguay, there are some 2,700.
“For now, we are delighted with the mix we have,” Wurmann answered when asked if there were any plans to expand in Latin America.
About the conditions in Uruguay for business, also spoke the president of Tata Sons and leader of the holding company, Natarajan Chandrasekaran, one of the speakers during an event with business people and political authorities organized by the company on Monday, September 26, for the 20th anniversary of its operation in Uruguay.
The key man in the group pointed out “the vision of the country” and “the support” of the Uruguayan governments over the years. The Tata Group comprises 98 technology, industry, services, energy, and consumer companies.
Moreover, the president of TCS for the region, Henry Manzano, affirmed there that “the help” of the Uruguayan government and “the flexibility” has been “unmatched” at the time the company decided to prioritize this operation as the main one in the region after Brazil and Mexico.
He immediately added that Zonamerica’s offices “will continue to be an important spearhead” for the company’s development.
HOW ARE THEY DEALING WITH VOLATILITY?
When asked how the company faces the Latin American operation amid an inflationary situation in the region and the world, together with fears of a recession in the United States, Wurmann said that for TCS volatility, “today is an opportunity”.
The company’s CEO in Latin America said the pandemic “accelerated change processes within companies.”
“Things that we expected to take five or ten years accelerated in two. So today the demand for technology services has increased significantly, so volatilities are not something we see affecting us shortly,” he said.
Beyond emphasizing his agreement with the conditions for operating in Uruguay, Wurmann pointed out that the generation of talent is “the main challenge” to be faced in the country in a statement shared by the technology companies established in the country.
Wurmann focused on cloud technology, cybersecurity, and analytics.
With information from Bloomberg