TCS opens centre in Argentina; to employ 250

Expanding its footprint in Latin America, the country's largest software exporter TCS on Wednesday said it has opened a new delivery centre in Buenos Aires for providing consulting, BPO and IT services which will employ 250 professionals.

"Our growing presence in Latin America continues to be of strategic importance to our overall business growth and we remain committed to working in close collaboration with institutions and universities (here) to help foster the development of local talent in Argentina and provide our customers with IT solutions from this location," TCS CEO S Ramadorai said.

The new centre would provide consulting, advanced IT solutions, BPO services and IT product implementations besides, housing the company's first regional SAP centre, the company said in a statement.

This is the eighth global delivery centre of TCS in Latin America, in addition to centers in Brazil, Argentina, Uruguay and Mexico.

Indian IT companies have been focusing on South America and countries such as Argentina and Brazil as a destination for offering services to clients in the US time zone.

Shares of TCS were trading at Rs 568.50, down 0.42 per cent in afternoon trade at the Bombay Stock Exchange.

Image: TCS CEO S Ramadorai