Philippines, India strengthen partnership in IT-BPM

MANILA, Philippines — The Philippines and India, two global leaders in information technology and business process management (IT-BPM), have agreed to further strengthen their ties in bringing the industry to new heights.

The IT and Business Process Association of the Philippines (IBPAP) and its Indian counterpart, NASSCOM, have signed a memorandum of understanding  (MOU) to reaffirm their commitment for mutual assistance and collaboration across the IT-BPM sector.

The MOU paves the way for the creation of a joint NASSCOM-IBPAP apex council consisting of members from the two industry groups.

The joint apex council will deliberate and facilitate actions to address common challenges encountered by the IT-BPM industry on a global scale as well as share best practices.

The council will also collaborate on conducting joint studies that aims to show the positive impact the IT-BPM industry has on their respective economies and the rest of the world.

“With these two leading IT-BPM organizations sharing the common vision to uplift the lives of millions through education, training, and career development, the shift towards a digital future is one filled with opportunity for millions of lives,” Trade Secretary Ramon Lopez said.

“In this global economy, the continued partnership between IBPAP and NASSCOM allows us to leverage the strength of both countries’ IT-BPM industries to stimulate their respective economies,” Trade Undersecretary Nora Terrado added.

IBPAP and NASSCOM first signed in 2006 their cooperation agreement in Mumbai, India.

“This 12-year commitment has already borne fruit. Within IBPAP alone, there are 21 Indian-owned companies who contribute approximately $1.6 billion in annual revenue and employ approximately 52,000 people. We expect continued mutually beneficial outcomes for all parties, while addressing key issues and circumstances that may arise within the IT-BPM sector together,” IBPAP board advisor Bong Borja said.