Bangladesh – IT / ITeS & BPO Outsourcing Sweet Spot

Outsourcing the Bangladesh way
April 17, 2017

The global economic downturn is pushing companies worldwide to find new ways of cutting costs, and this in turn will provide the much needed impetus to Bangladesh’s budding software outsourcing industry. Bangladesh has, in the past, faced challenges with its marketing, negative perception and wanting infrastructure. However with government focus on infrastructure development and with wages and operating costs rising in traditional outsourcing favorites such as India and Philippines, Bangladesh emerges as a rapidly growing destination
which offers several competitive advantages. Bangladesh offers an attractive business opportunity for multinationals interested in outsourcing or offshoring.

This value proposition is drawn from the following strengths:

  • Labour availability and scalability : Bangladesh demographics may provide a
    constant supply of resources at extremely competitive costs.
  • Language Skills : Bangladesh offers a ready pool of English speaking
    resources, with limited accent neutralization needs
  • Growing Education -Industry linkages : Bangladesh based companies- both
    domestic and multinationals, have build strong relationships with various
    Universities in the country to tap and train talent at the sources. Finishing
    schools to bridge the skill gaps between academia and industry are also
    coming up, allowing ready resources availability.
  • Low Total Cost of Operations : Real estate, resources and attractive taxation
    policies help lower the total cost of operations compared to the other
    outsourcing destinations.

Attractive Demographics

Attractive Demographics Bangladesh has one of the most attractive population demography in the world – relatively high young population base as over 34% are in age group of 15-34 years; which is favorable for IT-BPO industry. Analyst projections reveal that this number is further slated to go up. This corresponds to a young working population of over 53 million people – large enough to man the fledgling IT / ITeS industry for years while keeping the costs low.