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India Prime Minister Hails Philippines: No Wonder Many Top IT Companies Invest Here


Indian Prime Minister Narendra Modi on Monday, November 13, praised the Philippines’ service sector, saying it’s no wonder many of New Delhi’s information technology companies have invested in Manila.

The Indian leader hailed the Philippine government’s efforts to implement “change,” noting the administration of Philippines President Rodrigo Duterte ambitious infrastructure push and intensive anti-corruption drive to make the business environment more conducive.

“No wonder so many of our top IT companies have invested here. They (Philippine government) are creating thousands of jobs and promoting the Philippine service sector worldwide,” Prime Minister Modi said in his keynote address at the Association of Southeast Asian Nations (ASEAN) Business and Investment Summit.

India, which used to house the largest number of voice-based business process outsourcing (BPO) services in the world.

The BPO industry has served as an economic lifeline for the Philippines, employing over 1.5 million people.

The industry is also one of the top 2 earners of foreign exchange.

Prime Minister Modi said at present, India is positioning itself to be a “global manufacturing hub” and hopes that Southeast Asian countries see the same business potential in New Delhi that he sees in the region.

“Just as India sees business opportunity in the region, I am sure ASEAN recognizes business potential in India,” he said.

Prime Minister Modi also noted similarities between the Philippines and India, saying the two countries are among the fastest growing economies in the world.

“Here in Philippines, also the government want to see change, bring about inclusive growth,” he said.

“We are both pluralistic societies and vibrant democracies,” he added.

The Indian leader is in the Philippines participating in the ASEAN Summit and Related Meetings.

Source: ANC
India Prime Minister Hails Philippines: No Wonder Many Top IT Companies Invest Here India Prime Minister Hails Philippines: No Wonder Many Top IT Companies Invest Here Reviewed by Yen on November 14, 2017 Rating: 5

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