Malaysia is a country that has a really attractive business environment, and well developed infrastructure and the strong support of the government which in turn makes Malaysia a country that is sure becoming a rising alternative to China and India. The government in Malaysia has positioned the country as a hub for technological innovation and services that have made a lot of top multinationals locate a couple of their global or regional operations in this country. Malaysia is a country that has a rather more stable political climate which is also supported by consistent economic growth which also makes this particular offshore outsourcing nation attractive for very sensitive, high-end applications in the banking and finance industry.
Although, Malaysia is a country that is still very much exploring its niche, Malaysia has established authority as an outsourcing destination. This country’s outsourcing industry has been put together on attracting investments in third party and captive outsourcing operations from a number of leading global companies that span across different verticals – Oil and Gas, Banks, Logistics.
Now, outsourcing in Malaysia has totally evolved to provide different services niche and even integrated in Information technology (IT), Business Process Outsourcing (BPO) and knowledge processing in a variety of industry verticals. The country’s government initiatives are truly a leading factor in the driving force behind Malaysia’s outsourcing industry. The support of the Malaysian government has really helped form institutions that carefully manage various roles which range from setting up a business to kick-starting a company. In addition, the establishment of top notch infrastructure and economic benefits has also contributed to attracting more companies to Malaysia.
The turn of the century has really seen the increase in the number of offshore outsourcing destinations, with a lot of nations around the globe trying to cut a larger part or share of the outsourcing market. It is no secret that India, the Philippines and China are the top leading outsourcing destinations. A couple of destinations such as Kenya, Vietnam, Nigeria, Ghana, etc., have all seen growth from their local outsourcing market.
Daven Michaels Author of the book Outsource This!