Everest Group says incentives needed to sustain growth
Incentives are important to sustain the growth of industries like business process management (BPM), according to H. Karthik of the Everest Group. Karthik was backing the stance taken by the Contact Center Association of the Philippines (CCAP) for the retention of current fiscal incentives under the upcoming second tax reform package. Since the second package of the Tax Reform for Acceleration and Inclusion (Train) was originally crafted, CCAP has sought for the retention of the incentives to maintain the country’s stature as an attractive outsourcing business destination. According to Karthik, incentives make the industry competitive in the midst of amplified competition in the global market. The incentives given to the BPM industry have also been considered as a template for other countries. Other countries have been generous in giving similar incentives to the BPM industry to further spur its growth, said Karthik.
