Officials reportedly in talks to have Infosys set up local presence

Thursday, April 7, 2011

Chilean officials are reportedly talking with Indian IT firm Infosys (Nasdaq: INFY) to bring the company to Chile, Indian paper The Telegraph reported Chile's ambassador to Delhi, Cristián Barros, as saying.

Barros said Chile was in similar conversations with two other "significant" Indian IT companies. These companies would add to Indian IT firms Tata Consultancy Services and Polaris, which already have a presence in Chile.

According to Barros, Chile is also looking at green energy players, specifically in wind power. He said the country was in talks with Suzlon and two other companies.

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In addition to these efforts, Chile's trade minister Jorge Bunster is expected to visit India in the coming weeks to meet with his Indian counterpart Jyotiraditya Scindia to discuss changes to the free trade agreement between the countries. Chile is looking to increase trade between the countries, which currently includes 320 different items.

According to The Telegraph, trade between Chile and India is expected to hit US$2.4bn in 2011, compared to US$2bn last year.