Next year, the American multinational General Electric and UST Global, an IT outsourcing company with headquarters in California, will be joining forces to open a new software-development center. But the joint venture (JV) won’t be based in the usual global high-tech hotbeds of, say, Silicon Valley or Bangalore, as one might expect. Rather they’re opening the centre in the Chilean coastal town of Viña del Mar. Called Genshare, the center will involve a US$30 million investment and is expected to provide some 1,000 new jobs over five years as it works closely with UST’s centers of excellence in India. What better way to show how IT can play a big role in all of Latin America’s economic recovery.
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