The Ministry of Foreign Affairs of India is persuading the country’s IT and BPO companies to go and establish operations in Guatemala, saying the central American country offers an ideal location to serve their US clients.
B.S. Mubarak, the Ambassador of India in Guatemala, has recently held a string of meetings with several members of India’s IT industry body, NASSCOM, detailing business opportunities in the central American government, according to a report from India’s economic daily The Financial Express.
Considering the report, three Indian BPO providers (24/7, Genpact, and HCL) operate delivery centers in Guatemala, and their combined workforce exceeds 4,000.
Guatemala shares a time zone with many US states, and finding the right talent is not a challenge there. Moreover, Guatemala is eager to welcome Indian firms, the ambassador has argued.
The envoy is planning to take a team of Indian BPO leaders to Guatemala, with the hope of getting them a first-hand look at the current business climate in the country.
“Indian industry is interested in expanding its operations in Central America. I have requested NASSCOM to explore the possibility of mounting a delegation to Guatemala,” Mubarak told the news daily.
Indian citizens can visit Guatemala without a visa, one of the most significant advantages for the Indian IT companies struggling to serve their American clients in the face of tightening immigration laws in the US.
In 2018, India’s Vice President, Venkaiah Naidu, visited Guatemala along with a team of business leaders. According to the Indian Ministry of External Affairs, He discussed trade ties, particularly in the field of information technology and agriculture.