Sri Lanka's IT/BPM sector vision 2022 a $ 5 Billion revenue

November 17, 2024

Development - Provincial

Sri Lanka's IT/BPM sector vision 2022 a $ 5 Billion revenue

December 15, 2014

Sri Lanka's IT/BPM sector vision 2022 is a $ 5 Billion revenue, 200,000 direct jobs and 1000 start-ups. Northern region has been identified as one of the major regions that can harness its strengths and skills to make this dream a reality, Sri Lanka Exports Development Board (SLEDB) revealed.

Jaffna region's stress free environment, availability of skills and infrastructure such as internet and electricity are key factors in this regard.

National Outsource Association of UK awarded SL the Outsource destination of 2013 which shows the up and coming potential of Lankan IT and business processing sector. In 2013, earned $719 Million from ICT exports, and our projection for 2014 is $820 Million.

At this rate, EDB expect to hit dollar one billion mark very soon-as early as 2015 and EDB have seen 123% growth in IT sector over the last five years.

This growth was across all IT/BPM sectors, in domestic and export sectors. A reason for this is our high quality-London Stock Exchange. This was due to our high quality software products and services that they received. EDB is not a regulator in Lankan exports but a promoter, supporter, facilitator and mediator operating through a regional network. (ST/KH)