MANILA - Instead of competing, the Philippines and India need to “complement” their strengths in the business process outsourcing industry given that both countries are leaders in the field, President Rodrigo Duterte told Indian President Ram Nath Kovind Friday.
Duterte, who hosted Kovind in Malacañang, said being frontrunners in the BPO industry is a “shared distinction” of Manila and New Delhi.
“The Philippines and India are at the forefront of the global IT and BPO industries, a shared distinction that encourages us to cooperate more so that we can complement each other’s strengths,” the Philippine leader said.
New Delhi meanwhile is eyeing to have more business deals with Manila covering digital industries, startups, health, and agricultural development, among others, Kovind said.
“The Philippines is emerging as an important focus country for India's corporate sector,” Kovind said.
“There is immense potential to further deepen the Philippines-India economic ties,” he added.
India is the Philippines’ main competitor in the BPO industry, an economic lifeline for over 1.15 million Filipinos.
The industry, along with remittances from overseas workers, remains one of the top 2 earners of foreign exchange for Manila.