By Narayan Ammachchi
Peru expects its recently held ‘Services Summit’ to yield $49.3 million in foreign direct investment (FDI) over the next 12 months.
More than a hundred international service sector entrepreneurs, including Nearshore America’s founder Kirk Laughlin, attended the week-long conference held in the capital Lima.
During the course of the conference, several entrepreneurs from a range of sectors promised investment. “Sectors that closed deals include software with US$19.8 million, franchises with US 12 million, BPO with US$7.5 million and publishing with US$6.1 million,” according to Andina.
The agency stated that the country’s services export grew three times over the past three years and showing signs of a rapid growth in the years ahead.
The Andian country is home to a large number of Spanish call centers in Latin America but its IT services sector is yet to travel a long way to catch up with its neighbors including Colombia, say analysts.
FDI has continued to rise in Peru, which attracted more than $4.1 billion in FDI during the first quarter of 2013, a 15.4% year on year increase when compared to the same quarter last year.