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October 22, 2011

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Pudong pursues potential in outsourcing

THE Pudong New Area in Shanghai aims to boost the outsourcing industry by attracting 500 outsourcing companies with 130,000 employees in the next three years.

By the end of last year, Pudong had more than 300 outsourcers with 70,000 employees. The district plans to help three to five outsourcing companies based there to go public within three years as it builds outsourcing capacity.

Outsourcing companies in Pudong have more than 50 percent of the city's overall market, and the district aims to increase this to 60 percent within three years.

The district will announce policies aimed at attracting outsourcing industries, said Li Yuhong, an official of the Pudong New Area Commission of Commerce.

Pudong's outsourcing industry has gained momentum this year, attracting offshore outsourcing contracts totaling US$737 million in the first nine months, a 68 percent increase over the same period of last year.

Li said the district will tap outsourcing demand in new industries, including the cloud computing, culture innovation, biochemical and software sectors.




 

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