Sunday, December 02, 2007

Business with Uruguay

During my trip to Uruguay last week, I had a meeting with the uruguay-India chamber of Commerce in Montevideo. The Chamber is vibrant and has an elegant office and the members of the chamber are enthusiastic about business with India. India's exports in the first ten months of 2007 were 39 million dollars and imports 7 million dollars. There is scope to increase the trade to 100 million dollars in the next 3-4 years.
TCS, Mahindra and Mahindra and Biotech international have operations in Montevideo. Our Honorary Consul Daniel Bajuk has an agency selling Bajaj and Hero motorcycles.Indian vegetable oil producers' consortium is seriously looking into the possibility of investment in agribusiness including soya farming in uruguay.
Martin de Castro, the Montevideo-based Commercial officer of our embassy is dynamic, knowledgeable and is commited to assisting indian business. his contact

meeting with the Chamber

I visited the bonded warehouse of Grupo Ras in Montevideo Port, where the Central Warehousing Corporation of India has rented 2000 sq metres for use by Indian exporters. The bonded ware house of Grupo Ras has 40,000 sq metres of modern space and moves 100 containers a week. They have offices in other South American countries. Ruben Azar, the young, energetic and dynamic owner of this company with turnover of 40 million dollars has been biten by the India bug. He has been to india several times and sees great potential for business with India. His facility has been used by Reliance, Aurobindo and other Indian companies. Grupo Ras is not only offering warehousing facility but also marketing of indian products in the region. More info

here is a picture of the bonded warehouse

below is the CWC space and Ruben Azar

I attended the inaguration of the new building of TCS at Zona Americas in Montevideo. The inaguration of this 4 million dollar building was done by the Uruguyan vice president. The new building will house 250 professionals out of the 800 being employed by TCS in Uruguay. They have plans to increase staff. TCS has also set up a regional IT training centre in Montevideo for candidates from all over Latin America. the credit for success of TCS in latin America goes to Gabriel Rozman.

This is the new building of TCS.

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