By BERNIE CAHILES-MAGKILAT
Indian Business Process Outsourcing Operations (BPO) giant Tech Mahindra and its sister company Mahindra Satyam has vowed to expand operations in the region, particularly in the Philippines, with estimated investments of $240 million over the next three years to benefit from the rapid BPO growth in the country.
“The Philippines is fast becoming the country of choice for BPO investors because of the similarity of culture between the Philippines and our western clients, coupled with the lower cost of operations in the country,†Tech Ma-hindra President and Chairman Sujit Baksi said yesterday.
Baksi also pointed out that inves¬tors find it risky to invest in the BPO industry in India due to to the sector’s oversaturation in the country, thus making the Philippines’ BPO industry, which is currently in the developing stage, attractive to investors.
“To that end, we will be investing $240 million over the next 3 years to bolster our operations in the Asia Pacific region,†he added.
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