The country’s thriving information technology and business process management (IT-BPM) sector, which is expected to attract more in investments in the future, was featured in a recent German trade fair, according to the Board of Investments (BOI).
During the German fair CeBIT, or Centrum für Büroautomation, Informationstechnologie und Telekommunikation, the Philippines was marketed as a viable investment location for IT-BPM.
The competencies and proven track record of the Filipino workforce in delivering world-class services were showcased during the CeBIT Fair in Hannover, Germany.
The CeBIT fair is an avenue for global ICT companies around the world to meet, network and exchange ideas related to the industry
So far this year, the fair has attracted 100,000 visitors with over 3,300 exhibitor companies from 70 countries.
The Philippines is one of the fastest growing countries in the global IT-BPM space, covering $22 billion revenues and 1.2 million full time employees in 2015.
This year, the country’s IT-BPM industry aims to hit $25 billion in revenues and 1.3 million in job generation.
The CeBIT fair also featured the country’s electronics sector, which is also a top economic contributor alongside IT-BPM.
In 2015, the country’s electronics exports account for 49.3 percent of the total Philippine exports. At present, the Philippines houses about 500 semiconductor and electronic companies, with five of the top 20 global electronic leaders are present in the country.
The Philippine delegation to the CeBIT fair consists of the Board of Investments (BOI), the Berlin-based Philippine Trade and Investment Center (PTIC), nine representatives from companies and agencies, and 17 participants from the IT-BPM and electronics sector.
Both the IT and Business Process Association of the Philippines (IBPAP) and Semiconductor and Electronics Industries in the Philippines Inc. (Seipi) supported this event.
“The Philippines had a country pavilion, showcasing our country branding and competencies in voice and non-voice BPM and electronics industry. Our pavilion also highlighted the support services already in place such as real estate, telecom infrastructure, and human resources to support IT-BPM-related business activities in the country,” said BOI Director for International Investments Promotion Service Angelica Cayas, who headed the Philippine delegation at the CeBIT Fair.
The IT-BPM and electronics sector are covered in the country’s Comprehensive National Industrial Strategy (CNIS), which serves as a blueprint that aims to weave the manufacturing, agriculture and services sectors together to jointly work for the overall development of the country’s industries.
The five key sectors in the CNIS that are expected to drive economic growth in the future include IT-BPM, manufacturing, agribusiness, tourism, and infrastructure and logistics.