SLASSCOM sees potential to make Sri Lanka a premier destination for IT and BPM businesses
SLASSCOM, which is Sri Lanka’s knowledge and innovation industry chamber, has congratulated the new government and has expressed confidence in continuing its partnership in growing Sri Lanka into a premier destination for IT and BPM businesses.
The government of Sri Lanka has identified knowledge and innovation services as a key industry.
According to reports, the industry has a vision to achieve US$ 5 billion in exports while creating 200,000 highly skilled workforce and facilitating 1,000 startups by 2025.
“It is important that all stakeholders work together towards the common goal as set out in the National Exports Strategy (NES). There are several impactful programs initiated by the President to grow the economy, such as the ‘Re-imagining Education’ programme of the Ministry of Education, which is aimed at building capacity and future ready talent in Sri Lanka.
“The mandate given to the Government at the recently concluded elections will ensure that these programs will continue and we look forward to engaging with the Government in putting in place the necessary policies and investment required to drive the economy towards achieving these targets,” SLASSCOM Chairman Channa Manoharan has been quoted as saying in the local media.
As noted in the news report, one of the key industry requirements is raising Sri Lanka’s IT-BPM sector visibility in priority markets and attracting Foreign Direct Investment (FDIs) into the sector.
SLASSCOM together with the Exports Development Board (EDB) has initiated and promoted the Sri Lankan knowledge and innovation sector under the brand of Island of Ingenuity (www.islandofingenuity.com), the Daily FT reported.
Sri Lanka’s ICT and digital infrastructure development sectors are recording a fast growth resulting in the expansion of business/investment opportunities in these sectors as well. The government of Sri Lanka has also identified these areas as potential investment and has offered incentives for businesses engaged in the sector. Sri Lanka is a growing business market in the South Asian region. Sri Lanka’s geographical positioning in the Indian Ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have given much prominence to the country as a business hub in the region.
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