President calls for accelerated implementation of digital economic solutions
Daily FT: President Anura Kumara Disanayake last week held a meeting with officials of the Digital Economy Ministry and heads of relevant institutions to discuss the progress of digital economic initiatives.
Held at the Presidential Secretariat last Friday, the President emphasised the need to accelerate the implementation of public digital infrastructure solutions that deliver tangible benefits to the people. In-depth discussions were held on key initiatives including the Electronic National Identity Card (e-NIC), the GovPay Government payment platform, the Digital Television Project and the achievement of revenue targets within the digital economy.
Special attention was focused on the progress of key projects formulated under the roadmap for digital economic development, which serves as a core strategy in the Government’s development agenda.
During the meeting, proposals to enhance the roles of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) and the Data Protection Authority of Sri Lanka, along with the establishment of the Digital Economic Authority and Cyber-security institutions through new legislation were reviewed.
OSL take:
Sri Lanka, which is on a path to becoming a regional hub, is committed to transforming the country into an e-economy by developing and expanding the digital industry. These measures have opened up a host of new business/investment opportunities in Sri Lanka’s digital economy development programme, especially in the ICT and digital infrastructure development sectors. The growth and profits recorded by local businesses engaged in these sectors indicate the growth and business potential in Sri Lanka’s ICT and digital infrastructure development sectors. This fact is further evident by the interest shown in Sri Lanka’s ICT industry by many foreign businesses engaged in the industry. There have been many tie-ups between local businesses and foreign entities in the ICT and digital infrastructure development sectors in the past few months. Given the fast-evolving pace of the global ICT and digital industries, Sri Lanka would also have to be on par with them as the country is now an emerging business destination in the region. With Sri Lanka’s ICT and digital infrastructure development sectors on a continued growth drive, foreign businesses/investors could explore the revolving business/investment opportunities in these sectors. Operations in the local ICT and digital infrastructure development sectors could be further expanded through partnerships or joint ventures with local businesses engaged in these sectors.
| Article Code : | VBS/AT/20250522/Z_3 |