UST Global to set up unit in Mexico

THIRUVANANTHPURAM: California-based IT services and solutions provider UST Global today announced its expansion to Latin America by setting up a centre in Mexico.
UST Global, which has a centre in the Technopark in Kerala capital and one of the major IT job providers in the state, planned its expansion in tune with the rapidly evolving near-shoring strategy, company's CEO Sajan Pillai told reporters here.
Pillai said the company chose the city of Leon in Guanamato, Mexico to set up the centre, which would house up to 10,000 employees.
Vicente Fox Quesada, former president of Mexico and social entrepreneur, said the knowledge capital of UST Global in IT and allied services would help create jobs and build human resources capital in Mexico.
Quesada is the key promoter of the non-profit Centro Fox foundation, which is facilitating UST Global's entry into South America.
"Mexico is a leading engine which is moving the world economy, together with India and China", he said referring to the country's prowess in technology manufacturing as well as the time-zone and proximity advantages in the context of prime markets like the US.
Expansion to new locations such as Mexico would contribute to increasing the supply of IT services at more affordable costs, Pillai said.