Bangladesh has secured top spot among 51 countries including India, China, Canada, Australia and the UK in terms of financial attractiveness for providing software and IT enabled services, a report says.
World’s leading management consultancy firm AT Kearney Global has ranked 51 countries worldwide as the best destinations for outsourcing of software and IT enabled services, contact centers and back-office support where Bangladesh secured its position for the first time.
However, the country’s overall position in the index is 26th. India positioned first in the list and Pakistan just immediate ahead of Bangladesh with 25th, the United Kingdom (UK) ranked 27th, Canada 37th, Australia ranked 49th and Ireland secured the lowest position among the listed countries.
Bangladesh Association of Software and Information Services (BASIS) formally disclosed the country’s position at a press conference Thursday.
State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak, BASIS President Shameem Hasan, Executive Director Sami Ahmed and Senior Vice President Russell T Ahmed, among others, were present at the function.
The GSLI, now in its sixth edition, ranks the countries across three major categories: financial attractiveness, people skills and availability, and business environment.
“Based on an assessment of 25 metrics, we identify the countries with the strongest underlying fundamentals to potentially deliver information technology (IT), business process outsourcing (BPO), and voice services”, the report says.
Report adds they discuss the second and third waves of arbitrage-outsourcing and automation-examining their defining features, emerging trends, and implications for business executives and political leaders.
Regarding Bangladesh, the report notes that the sector is growing and most companies are homegrown and have developed export clients.
Terming the country’s young and educated people the major driver for the growth, the study says the country has become a huge hub for freelance work via online marketplaces such as oDesk.
In fact, Bangladesh has become the number three country for contractors on oDesk in just three years, behind only the Philippines and India. It has quickly moved to the forefront of entrepreneurial activity, it adds.
Speaking at the event the junior minister said it’s a prestigious and rewarding global recognition for the country’s contribution toward ICT world. He said within very short time, Bangladesh will place its overall position among the top ten countries in the word.
Mr Palak said although the country’s position in other two criteria-people skills and availability, is comparatively low, but the government is very committed to ensuring business environment in the country.
“In fact, currently investors are enjoying a good business environment,” he said adding that the government has been working to produce 55,000 IT skilled people very soon.
Terming the country’s position in the list very potential, the BASIS president said Bangladesh should capitalise the global recognition for attracting foreign investment in the sector.
He underscored the need for collaborative efforts like public- private partnership to make the country a global leader in the ICT sector. “The government could team up with the association to grab the global opportunities through branding Bangladesh,” the leader added.