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Sunday 17 December 2017
Local

TT IFC pursues investment opportunities

The TT International Financial Centre (TT IFC) will today join business process outsourcing (BPO) industry leaders from across the Caribbean to participate in the Outsource to the Caribbean conference 2017 (OCC 2017). The conference presents a key opportunity for the T&T IFC to meet with influential players in the international arena and present Trinidad and Tobago’s unique value proposition for investment.

The OCC 2017 is hosted by the Caribbean Association of Investment Promotion Agencies (CAIPA) in partnership with the Caribbean Export Development Agency and funded by the European Union under the 11th EDF Regional Private Sector Development Programme. Over 100 industry leaders from the public and private sector in the Caribbean will converge at the conference to meet with investors looking for outsourcing services opportunities and considering investing in the Caribbean’s BPO sector.

Representatives of the TT IFC will engage with potential investors at the OCC 2017, sharing insights into the benefits of establishing operations in Trinidad and Tobago, such as the country’s 99 per cent adult literacy rate, robust infrastructure and low-cost utilities. Companies performing at least 50% of its services for export are also eligible for Free Zone status.

Already the regional base for many of the largest international firms, Trinidad and Tobago has had major recent success in attracting new global service providers, demonstrated by BHP Billiton’s decision to move its North American petroleum accounting and reporting functions to this country.

Trinidad and Tobago has made significant strides in the development of its F&A BPO industry, evidenced by its #40 ranking on the AT Kearney Global Services Location Index 2017, moving up two spots from 2016 and ranking the highest in the CARICOM region. Trinidad and Tobago has also debuted on The Banker’s ranking of International Financial Centres 2017, ranking at #54.

“The T&T IFC has worked assiduously to advance Trinidad and Tobago’s profile as a leading location in the Caribbean for F&A BPO investment,” remarked Aliyah Jaggassar, Vice President of BPO/Shared Services at the T&T IFC.

“The global BPO industry was valued at $140 billion USD in 2016, and is a significant source of foreign exchange. Trinidad and Tobago is very well positioned to take a significant piece of the pie, and gain regional leadership in the field.”

“We look forward to creating meaningful connections at the OCC 2017 with some of the most influential prospective investors in the BPO arena,” Jaggassar added.

“We are confident that as more and more investors become aware of Trinidad and Tobago’s extraordinary competitive advantages, our country will see a tremendous surge in companies establishing their F&A BPO front offices here. The future of F&A BPO in Trinidad and Tobago is indeed extremely promising.”

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