India looking to expand business opportunities

- Wednesday, March 30, 2011

India looking to expand business opportunities

India has taken steps in Cuba and Ecuador to grow its IT services in the Latin American countries, according to information from differing sources.

In Cuba, the conclusion of the international conference Indiasoft 2011 saw the signing of a memorandum of understanding between Avante - an IT entity belonging to the country's ICT ministry - and India's software and electronics export promotion agency, ESC.

The two parties committed to increasing information exchange, business opportunities and the participation of businesses from both countries in expositions, seminars and workshops, Agencia Cubana de Noticias reported.

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Meanwhile, a delegation of eight company representatives from India paid a visit to Ecuador, with interest in call centers, bank software and online security, among other areas, local newspaper El Comercio reported.

The Indian companies could invest some US$2mn in Ecuador, according to the president of the Ecuador-India chamber of commerce (Ceico), Agustín Ontaneda.

Visiting companies reportedly included The India Inc, Bow and Baan Technology Solutions, Embarc Information Technology, SourceEdge Software Technologies, India Soft, Find Secure and Bhasinsoft India.