Outsourcing to rake in RM7b by 2015

PETALING JAYA (Aug 21, 2013): Malaysia's outsourcing industry is expected to record a 12%-15% increase in revenue a year and generate RM7.1 billion by 2015, up from RM5.7 billion last year, Outsourcing Malaysia (OM) chairman David Wong Nan Fay said yesterday.

He said the 12% grow rate of the local outsourcing industry over the past few years was faster than the regional industry's growth of 9% in Asia-Pacific, and has contributed 1% to Malaysia's gross domestic product worth of RM600 billion.

There are now some 55,000 jobs created in the local outsourcing industry, which is targeted to increase to 88,000 jobs by 2015.

Iskandar Malaysia, Johor will be the next destination of choice for the outsourcing industry, mainly focusing in the financial and logistics sectors, he said.

Wong was speaking at a media briefing where OM announced that Khazanah Nasional Bhd's subsidiary i2M Ventures Sdn Bhd will sponsor the Asia-Pacific Outsourcing Summit (APOS), which will be held in Iskandar Malaysia from Oct 21 to 24, 2013.