TCS finds cheaper haven in Mexico - Hindustan Times
close_game
close_game

TCS finds cheaper haven in Mexico

PTI | By, New Delhi
Jun 07, 2007 01:49 AM IST

Over the last five years, TCS has set up operations in 14 countries, including major centres in Argentina, Brazil, Chile and Uruguay.

Hit by rising costs in India, Tata Consultancy Services (TCS) has decided to service US clients from Mexico.

HT Image
HT Image

The company said on Wednesday it would hire 5,000 people in Mexico over the next five years.TCS officials said costs were rising because of a strong rupee, making India lose its edge as a low-cost outsource center.

Hindustan Times - your fastest source for breaking news! Read now.

"We have recently opened a global delivery centre in Mexico. It is in the same time zone as the United States and it is easier for US companies to use near-shore centre," TCS spokesman Pradipta Bagchi said.

He said the centre in Mexico was part of TCS's plans to expand its footprint in the Latin America.
Over the last five years, TCS has set up operations in 14 countries, including major centres in Argentina, Brazil, Chile and Uruguay. It employs over 5,000 professionals in these countries.

"Apart from a strong domestic IT market, Mexico shares a similar time zone with and is within five to six hours flying distance from anywhere in the US, allowing us the ability to provide near-shore services for our large US client community," said Gabriel Rozman, head of operations in Mexico.

The company chose Mexico because of its accessibility, infrastructure and available talent pool. Salaries in Mexico are about 40-50 per cent lower than in the US.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business Newsalong withGold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, February 26, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On