India’s Prodapt to invest $7 million in Panama, generate 500 jobs

NEW DELHI: Indian IT firm Prodapt Friday said it will invest $7 million in its operations in Panama which will generate 500 jobs in the areas of cloud computing, artificial intelligence, and technical support.

“By leveraging the skilled workforce and conducive business environment in the country, we have scaled its operations several times over the last two years,” said Harsha Kumar, CEO of Prodapt in a statement.

“We’ve invested around $5 million in building out the center and its workforce,” Kumar added.

The company said its headcount in Panama has grown from six to 200 over the past two years, comprising technology and domain experts who offer critical delivery and troubleshooting services for Prodapt’s strategic customers in the “Connectedness” domain,