Business

Wednesday September 12, 2012

Outsourcing industry likely to achieve 15% revenue rise


KUALA LUMPUR: Outsourcing Malaysia (OM) expects the outsourcing industry to record a minimum 15% increase in revenue this year, according to chairman David Wong Nan Fay.

He said the target was achievable by organising trade missions, conferences and initiatives to penetrate new markets including the government sector and multinational companies.

The industry was worth US$1.1bil in 2009 and the target is to increase revenue to US$1.9bil by 2013 with employment of 100,000 workers, Wong told a press conference in conjunction with Smart Sourcing Summit 2012 yesterday.

OM will be organising the Smart Sourcing Summit 2012 on Oct 10-11 in Kuala Lumpur.

“We expect the participation of 300 attendees, of which 40% are typically users or buyers, 10% to 20% from the government sector and the rest are suppliers and providers,” he said.

Human Resources Minister Datuk Seri Dr S Subramaniam was expected to officiate the opening ceremony while Minister in the Prime Minister’s Department, Datuk Seri Idris Jala, was expected to grace the closing ceremony.

The Smart Sourcing Summit this year is themed “Leapfrogging Competition: From Local to Gobal”.

The summit provides an opportunity for participants to discover and learn from the industry stalwarts on how Malaysia can attain a better and more significant role in enabling the regional and global marketplace.

The summit has lined up many keynote speeches, plenary panels and case studies on various issues such as leading trends in global outsourcing, realities of government outsourcing and Malaysia’s readiness for globalisation.

Additionally, OM is also organising the Excellence Award at the end of the second day. – Bernama

The OM Excellence Award is presented to companies in Malaysia for creating compelling value, thereby enhancing Malaysia’s position in the global sourcing marketplace.

OM is an initiative of the outsourcing industry and a chapter of Pikom, the national information and communications technology association of Malaysia. – Bernama

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