DTI looks for more investments in IT-BPM, construction sectors
The Department of Trade and Industry is looking to attract more foreign investments in the Information Technology-Business Process Management (IT-BPM) and construction industries in the Philippines.
As part of its efforts to urge foreign companies in the country, DTI’s export promotions arm Center for International Trade Expositions and Missions (CITEM) presented the developments in both sectors during the online forum of the DTI Expo 2020 Dubai Business Events Committee.
In the presentation, IT and Business Process Association of the Philippines (IBPAP) Executive Director Luis Salvador said that the industry managed to reach $26.7 billion in 2020 despite the pandemic.
The sector’s full-time employee headcount also grew by 1.8% to 1.32 million last year.
A forecast from global research firm Everest stated that revenues of the IT-BPM sector could grow by eight to 12%, while the full-time employee headcount may rise by seven to eight percent by the end of 2021.
Meanwhile, DCCD Engineering Corp. President & COO Michael Reyes said that the country’s construction industry is expected to generate as much as P130 trillion (US$2.5 billion) from 2020 to 2030.
Reyes added that the Philippines continues to strengthen the skills of its construction workforce to create alliances with other foreign investors.
