Tata Consultancy Services (TCS), one of India's leading IT firms, has opened a training centre in Montevideo, Uruguay, to supply trained manpower for Latin America's developing IT and BPO industry.
This marks the first such investment in the area of training and development by any Indian firm in Latin America.
The training centre has been set up at TCS' Knowledge Development Centre (KDC), which also serves as a hub for the training needs of local software companies in Uruguay.
"We intend to train over 3,000 employees in the next four years in a wide range of technologies, methodologies, language skills and cultural sensitivity in serving clients from offshore," Mario Tucci, vice president of TCS Iberoamerica, said in a statement.
With increasing demand for IT and BPO services in Latin America, the opportunities for job creation in this sector are immense but the supply of trained manpower could serve as a barrier to growth.
According to the statement, TCS invests more than six percent of its annual revenue in training and development and intends to bring in experts from across the world to serve as faculty in its Latin America training centre.
The $2.97 billion group has over 800 employees in Uruguay and also provides nearshore services to major US and Europe headquartered clients.
TCS currently runs an extensive Global Delivery Network in Latin America with centres in Uruguay, Brazil, Argentina and Chile serving over 150 clients.