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Article: Uruguaya Massala: software jobs of the future are going to end up somewhere. Why not Uruguay?(Cover Story)
- Article from:
- Revista Latin Trade
- Article date:
- January 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Asian software giant Tata Consultancy Services needed a beachhead to launch its Latin American operations. So it took a long look at the region's usual information technology suspects--Costa Rica, Chile. Brazil, Argentina--but in the end the Indian firm settled on Uruguay, endowing the tiny Southern Cone country with 500 new, well-paid jobs and a US$30 million investment.
Once better known as a magnet for rich Argentine beachgoers and tax evaders, Uruguay is quickly gaining a reputation as South America's Bombay. Software exports, which were non-existent a decade ago, now total $90 million a year, with talk of reaching a half billion dollars in the near future. ...