27th September 2024: Shreyas Webmedia Solutions took part in the webinar “IT Opportunities for Indian Companies in Chile: A Pathway to New Horizons,” organized by the Electronics and Computer Software Export Promotion Council (ESC) India on September 26, 2024. The event hosted by the ESC India, focused on enhancing collaboration between India and Chile, especially in the IT, artificial intelligence (AI), and cybersecurity sectors, while highlighting incentives for Indian businesses looking to tap into Chile’s rapidly expanding digital ecosystem.
Moderated by Mr. Gurmeet Singh, Executive Director of ESC, the webinar featured notable speakers including H.E. Mr. Juan Angulo, Ambassador of Chile to India, and Mr. Veer Sagar, Chairman of ESC. Mr. Singh welcomed the guests and participants, expressing enthusiasm for the role this event could play in opening new avenues of collaboration between India and Chile. He highlighted ESC’s active engagement in organizing such events in partnership with the Indian Embassy, underscoring the Council’s dedication to fostering cooperation between the two nations.
Chile – A Rising IT Hub
Veer Sagar, Chairman of ESC, highlighted that the Council has been organizing events like this in collaboration with the Indian Embassy to open doors to new opportunities. He emphasized that Chile is emerging as a rising hub for IT, offering significant growth potential for Indian IT firms and fostering collaboration opportunities between Chile and India.
Ambassador’s Vision for India-Chile Cooperation
H.E. Mr. Juan Angulo, Ambassador of Chile to India, thanked Mr. Gurmeet Singh and ESC for facilitating the dialogue, noting Chile’s strong cooperation with India over the years. He acknowledged key individuals, including Mr. Sandeep Narula and Mr. Vikrant Saxena.
Ambassador Angulo emphasized Chile’s growth as a digital hub in Latin America, noting advancements in IT, online banking, and infrastructure. He mentioned Chile’s 34 trade agreements and investments in the digital economy but noted that only a few Indian firms have established a presence. To attract Indian companies, he highlighted tax benefits for R&D, joint ventures, and immigration support.
He also highlighted the Start-Up Chile program, offering incentives for international tech companies to enter Chile’s innovative ecosystem.
“Chillicon Valley” and a Positive Future
Mr. Gurmeet Singh, in his closing remarks, coined the term “Chillicon Valley” to describe the burgeoning IT sector in Chile. He expressed his optimism about the positive impact that increased collaboration between India and Chile could bring to both nations. He thanked the Ambassador and the other dignitaries for their insightful contributions and reiterated ESC’s commitment to facilitating further engagement and dialogue.
The webinar concluded with an interactive Q&A session, where Indian IT companies engaged directly with the speakers, exploring potential opportunities, and discussing the next steps to foster business relations between the two countries.
This event marks another milestone in ESC’s efforts to build stronger ties between India and global markets, paving the way for Indian companies to expand into new territories like Chile. The opportunities for collaboration, along with government-backed incentives, promise to create a positive future for Indian IT firms looking to grow internationally.