Most Indian entrepreneurs, especially those who deserve to continue their businesses in Latin America, prefer Chile as the best spot to maintain a business, as the Andrean country provides opportunities and government incentives. Thus, Chile now has become the most significant country to prosper in the business stream.
The president of the Chile-ASEAN Chamber of Commerce, Gerardo Alonso Velasco Baratawitjaja explained the atmosphere in the country. He said, ” There is a firm and smaller market, liable to testing and generating pilots for products and services; incorporated with a friendly business environment and insistent consumer landscape, where many have an obtainable income to spend.”
The startup Dispatch Track in India bought the Chilean Beetrack to extend its influence in logistic technology in the country and in the Latin American region. Every year, the entity powers more than 60 million consignments for thousands of customers worldwide. With the addition of more than 850 clients in 20 Latin American countries like Argentina, Chile, Colombia, Costa Delicious, and Mexico, DispatchTrack stretched its global presence by procuring Beetrack.
The establishers of The Live Green Company, Priyanka Srinivas, and Sasikanth Chemalamudi are Indian entrepreneurs who aim to develop their businesses in Chile. LGC, which is a food technology company had increased a seed by around $1 million in August 2020, with which it widened to Peru and the United States. He had previously been part of the Start-Up Chile incubator. Later, he was able to migrate to Boston after increasing $8 million in the second round.
For these entrepreneurs, the Andean country is preferable for initiating into the US market, even others wish to enlarge only in Latin America. Resembling the United States, Chile consists of various free trade agreements and a retail market. The main thing to perceive is, that Chile’s economic growth supports internationalization. Biggest entities like Infosys, Polaris Group and ManageEngine, TCS, etc have settled in Chile along with Startups.