Tata Consultancy Services, which has a software development centre in Uruguay and a smaller centre in Argentina, is evaluating prospects in Latin America. The Uruguay centre has around 200 employees.
Phiroz Vandrevala, executive vice-president, said the company had entered into joint ventures in different parts of Latin America and it was possible that over a period time, that it would acquire local partners.
Vandrevala explained that the strategy for Latin America was different and the potential was immense.
The company was also evaluating different strategies for the Chinese market. Vandrevala said that the model, which was likely to evolve in China, would be establishing captive development centres for other global majors.
TCS was already working on one such project, but Vandrevala refused to divulge names. The company's vision was to become a global player in the true sense of the term.
Asia-Pacific contributed 3.6 per cent of total revenues in fiscal 2004. Australia and Singapore currently contribute largest revenues. In fiscal 2003, TCS established operations in China and the company had also established global delivery centres in Australia, China and Japan.
Vandrevala said India's share in TCS revenues was currently at 13 per cent. However, it was likely that the share would increase in the near future.
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