Philippines: The New Destination for IT Outsourcing
In a bid to manage costs, rising salary levels, and attrition, Indian IT-BPO companies are now expanding to other low-cost destinations like the Philippines. In the last eight months, 12 tier I IT-BPO firms have set up shop in the country.
IT giant Wipro Technologies, for instance, opened a business process outsourcing (BPO) center in Cebu, one of the Philippine islands, as a part of its strategy to build global delivery capabilities.
And it is not just Indian firms that are lining up. American-based companies like IBM, Accenture and Citigroup are also present in the country.
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