Business Daily from THE HINDU group of publications
Wednesday, Sep 20, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Info-Tech - Outsourcing
Industry & Economy - Foreign Trade
Philippines seeks investment from Indian software cos

Our Bureau

New Delhi , Sept. 19

With the Philippines emerging as an outsourcing destination, the country is seeking collaborations with the Indian business community through investments in terms of venture capital, open source technology and setting up operations in the Philippines.

"We would like more Indian companies such as Wipro, Infosys, Satyam and others to set up its business process outsourcing units in the Philippines. BPO operations in the Philippines witnessed a quantum growth of over $1.7 billion and the country now accounts for six per cent of the global BPO market," said Mr Edsel T. Custodio, Undersecretary (Deputy Foreign Minister), Department of Foreign Affaires, Government of Philippines, at a B2B interaction organised by the Confederation of Indian Industries (CII) on Tuesday. He is leading a delegation of businessmen from the ICT sector.

He added that Nasscom had recently signed an MoU and few Indian companies such as IBM Daksh, ICICI One Source, Perosystem already have a presence in the Philippines.

"India accounts for 10 per cent of the global market of $300 billion in IT and ITES. So, there is a huge potential for both the countries to collaborate and increase their share in the world market," said CII Chief Information Officer, Mr Vikram Tiwathia.

More Stories on : Outsourcing | Foreign Trade

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Now, multiple lasers on a silicon slab


Philippines seeks investment from Indian software cos
Pearl launch in India by year-end
MTNL revises pulse rates
Nortel bags GSM-R contract
Telelogic announces expansion
Porsche lets you customise your car
Caritor buys 3 cos in Europe, Asia, Australia
Mobile number portability may be delayed further
Genus ties up with Brazilian co
Bartronics partners Lankan firm
GE rationalises IT services vendors
Matex Net to e-auction Standard Motors' assets
Taiwanese co starts direct ops
Mobile computing conference
DoT may make spectrum allocation more stringent
V-P, Emerson Telecom Business
MS Dynamics for Coimbatore cos
Lenovo desktops with AMD chips


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line