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Archive for March 14th, 2008

Indian Domestic market shines for BPOs

Friday, March 14th, 2008
Indian export-oriented information technology (IT) and business process outsourcing (BPO) firms may be grappling with an appreciating rupee and clouds of doubt looming over the extension of tax sops for the sector beyond 2009.
However, the business of BPO firms that cater to the domestic market appears to be booming.
BPO demand in the domestic market has witnessed noticeable growth over the past few years.
An Everest-Nasscom study points out that the domestic BPO market, with a growth rate of 50 per cent over the last five years, has grown faster than the overall Indian BPO market to reach nearly $1.6 billion (Rs 6,400 crore) by end of FY2008, against an overall BPO revenue of around $11 billion.
The potential opportunity in the domestic BPO sector is expected to be $15-20 billion by 2012 compared with the $50 billion projected for the overall BPO sector by 2012.

BPO firm optimistic in 2008 amid US economic slowdown

Friday, March 14th, 2008

MAKATI CITY, Philippines — Outsourced customer support service firm Sitel remained optimistic that business will still pour in from the United States amid the economic slowdown, an executive told reporters.

“The slowdown is an opportunity for us to tap the off-shoring business,” said Sitel Philippines Corp. president Dan Reyes, in the sidelines of the International ICT Awards Philippines 2008, where Sitel Philippines Corp. was named “BPO Company of the Year.”

Operating 23 sites in the US and six offshore sites in the country, Reyes said the Philippines remained a destination for offshore outsourcing services for US companies because it offers an “economic advantage” over other markets.

“Companies in the US realized that the Philippines can provide quality service and not just cost arbitrage,” he said.     Read more