Latin America Offers Hope to IT Sector

New Delhi: The instability in the North Americans markets is forcing the Indian ICT sector to set up bases in emerging economies and untapped markets. One such market is the Latin American countries. The high level of reserves coupled with strong banking systems, lower public debt levels, reduced public sector financing requirements and generally flexible exchange rates provide these countries with more room to deal with adverse global developments than in the past. Recognising this potential, Electronics and Computer Software Export Promotion Council of India (ESC) is organising Expocomm /TIC 2011 at Buenos Aires in Argentina from August 23 to August 25 under the Market Development Assistance (MDA) programme of the Department of Commerce.