Uruguayan vice president Danilo Astori has met with representatives of Indian conglomerate Tata Group to discuss a number of investment opportunities in Uruguay, including railways, a spokesperson from the presidential office told BNamericas.
Astori met with executives from the group's IT services firm Tata Consultancy Services (TCS), which already has operations in Uruguay, as well as Tata Motors and Tata itself.
The opportunities under discussion included a consultancy to help Uruguay's state-owned railway firm AFE draw up a development plan, engineering studies to help AFE design the expansion of its railway network and optimize technology, and the provision of mass transport vehicles for capital Montevideo, the spokesperson said.
Astori and a delegation of public and private sector representatives are visiting India until February 27.
The Uruguayan government has been working for the past few years on a railway rehabilitation and expansion plan. The program is expected to be launched this year, once legislators approve a public-private partnership bill that was submitted to congress last year.