The Philippines challenges India's dominance as the top business process outsourcing destination in the world
"The Philippines is a services powerhouse just as India is. And, just as in India, here in [the] Philippines also, the government wants to see change, bring about inclusive growth, develop infrastructure, and fight corruption," Modi said on Monday at the Association of Southeast Asian Nations (ASEAN) Business and Investment Summit in Parañaque City.
Modi said it doesn't come as a surprise to him that many Indian IT companies are investing in the Philippines.
"No wonder so many of our top IT companies have invested here. They are creating thousands of jobs and promoting the Philippines' services sector worldwide," he added. (READ: India's Modi opens resilient rice laboratory in the Philippines)
Modi's praises for the Philippines as a services powerhouse come as the Philippines challenges India's dominance as the top business process outsourcing (BPO) destination in the world.
Modi also discussed his country's pivot to its East Asian neighbors, dubbed the Act East Policy (AEP).