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:
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.