According to greenfield investment data from fDi Markets, the number of Indian firms investing in Latin America grew by 50% last year – a sharp contrast to the 25% fall in growth in 2008. Thanks to a stabilisation of its markets at the end of 2009, 2010 looks set to be a prosperous year for FDI flows into Latin America.

Brazil remains the region’s most attractive destination, receiving almost half of FDI from Indian companies into Latin America in 2009. Among them, Satyam Servicos De Informatica, a Brazilian subsidiary of the India-based conglomerate the Mahindra Group, plans to recruit 100 extra employees over the next six months for its centre in São Paulo.