JOHOR BAHRU, MALAYSIA, 23 August, 2013 –Malaysian government investor Khazanah Nasional's subsidiary i2M Ventures (i2M) has signed to be host sponsor for The Asia Pacific Outsourcing Summit (APOS) to be held for the first time in Iskandar Malaysia on 21-24 October 2013. This was recently announced by Outsourcing Malaysia, an initiative under the National ICT Association, PIKOM.
Outsourcing Malaysia (OM) chairman David Wong said the summit would also signal several key projects in Iskandar Malaysia to drive the outsourcing industry, which is one of the key Entry Point Projects (EPP) identified by the government.
Malaysia has experienced significant growth in recent years despite the global economic downturn especially in Europe, since companies worldwide are focusing on opportunities to bring down costs by being effective, efficient and innovative," said Wong.
The upcoming Asia Pacific Outsourcing Summit that is slated to be a major event would focus on these stories and the near-term opportunities available in fast-growing markets. APOS concurrently establishes an undeniably cohesive link between outsourcing and economic development," he said.
"In turn the local industry has an immense opportunity to serve growing regional and complex global markets through provisioning high-value services / solutions. With both these pressures in place, Iskandar Malaysia has great potential to thrive in this industry," said Wong.
"OM is excited to have i2M on board as the host sponsor for APOS. Indeed, this shows the government's serious take on efforts to drive Malaysia's outsourcing industry as a strong economic growth for the country, and as a strategic driver for value creation," he said.
Watch the next 18 months
i2M managing director Zulfiqar Zainuddin said: "The APOS summit will be the perfect platform to share the key upcoming projects we have been working on for Iskandar Malaysia. This event will place Iskandar Malaysia in the limelight as a major potential hub for the region's outsourcing market."
"Our team has been tasked with a heavy yet crucial role in the next development phase of Iskandar Malaysia," said Zulfiqar. "Now that we see the infrastructure developments gradually picking up its natural pace, the commercial development needs to follow suit."
"The relevance of Iskandar to Malaysians can only be felt through economic opportunities and the development of employment in industries such as the outsourcing sector. The next 18 months will be crucial as we try to match the demands of industry with the infra and commercial developments," he said.
Commenting on analyst firm Frost & Sullivan's choice of Iskandar Malaysia for their Global Innovation Centre, Zulfiqar said: "Frost & Sullivan is just the beginning for outsourcing in Iskandar Malaysia. We are in the midst of finalising a few deals. Winning the projects is just half of the battle. We need to ensure the projects are delivered successfully as promised."
In addition to i2M, companies such as MSC Cyberport, Accenture, KPMG, VADS and Malaysian Data Centre Alliance are some of the other sponsors for the APOS Summit, said OM's Wong. "Although Malaysia has strong domain knowledge in sectors such as financial services, oil and gas as well as logistics, the outsourcing industry has not reached its full potential.
"While the industry has been posting decent growth rates, there is a bigger potential for growth and we hope the hosting of a regional summit such as APOS will give the industry the much needed boost and exposure," he said.
The APOS Summit at Iskandar is being organised in partnership with the International Association of Outsourcing Professionals (IAOP). The conference will be held at the Traders Hotel, Nusajaya, Iskandar Malaysia, Malaysia.
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