Frost & Sullivan has announced plans to set up a global innovation centre in Malaysia, to drive global business growth over the next decade. The business and treasury research and consulting firm says that the centre expects to employ 830 people by 2020, and will develop the company’s thought leadership and intellectual property programmes, ensuring that it operates at best practice level.
“We believe that the establishment of this global innovation centre in Malaysia will gain us competitive advantage in our business globally. We aim to develop and deliver capabilities that assist in driving growth, innovation and leadership for our local and global clients,” said Manoj Menon, a partner at the firm and managing director for Asia-Pacific.
“Malaysia offers multinational companies looking to offshore and outsource key business functions a combination of infrastructure, low costs, and a young, talented, multilingual white collar workforce,” commented Michael Warren, director global sourcing cluster at MDeC, the Malaysian government’s development agency. “We are rapidly transitioning from being perceived on the global stage as a developing market to becoming a nation driven by a knowledge-based economy. Our expertise in the delivery of shared services and outsourcing models is a vital element in this transformation.”
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