I got this email message from Fermin Taruc, president of the Philippine Software Industry Association.
The Philippine IT Services industry consists of companies in the business of animation, call center and contact center operations, , business process outsourcing, medical transcription and software development. Collectively, these companies generated over $2 billion in export revenue in 2005. In total, the industry currently provides employment to 160,000 professionals. Our target is to reach $12 billion in annual revenue by 2010, providing employment to over 1 million Filipinos.
We are proud to say the Philippines is now mentioned as one of the preferred sources of IT services world-wide. While our entry-point into the global market has been our low costs, we are increasingly gaining attention for our quality, reliability and expertise.
It is easy to understand why. The Philippines has a pool of qualified professionals, cited frequently as among the best in the world. Local companies are investing in aligning their processes with international standards. Our telecommunications infrastructure is among the most competitive in the region. Our business incentives, grown over several administrations, are designed to attract foreign investment. Our list of high-profile international clients continues to expand.
The industry’s impact on the economy can be further multiplied if we consider the trickle-down effect on other local industries. The IT Services companies and their employees have emerged as prime consumers for other goods and services
We are confident in our industry’s abilities to reach its targets and to further increase its contribution to the economy. However, we cannot do it alone. A concerted effort among all stakeholders is required. We have to make sure that our schools produce enough graduates for us to hire. We have to make sure that government policies are in place to attract and retain investors. We have to make sure that we maintain an environment where Filipino professionals are given progressive opportunities to enhance their skills, careers & standards of living without the need to leaving our country.
We also have to make sure that our foreign customers and partners have the assurance that our ability to fulfill their requirements is not compromised or disrupted because of an unstable external environment.
We know that our business fundamentals as an industry remain strong . We have withstood all kinds of crises in the past. But, in our business, the perception of continuity and reliability is a key consideration. The global market is sensitive to isolated local incidents and can interpret these out of proportion.
We respect every party’s right to voice an opinion. Our industry has been, and will continue to be, an active participant in promoting transparency and good governance in our society. However, while there are national issues that cannot be ignored and need to be resolved, our call is for everyone to proceed with rationality, sobriety, responsibility and consideration. We have processes in place, let us use them and improve on them where necessary.
The Philippine IT Services industry provides an opportunity for the country to achieve long-term economic growth and stability. Let us not waste the opportunity. No less than 1,000,000 jobs depend on it.
Animation Council of the Philippines, Inc. (ACPI)
Business Process Outsourcing Association of the Philippines (BPA/P)
Medical Transcription Industry Association of the Philippines (MTIAPI)
Philippine Software Industry Association (PSIA)