EDB help for construction firms to expand overseas

Daily News


EDB help for construction firms to expand overseas

Sri Lanka Exports Development Board (EDB) will step up efforts to facilitate local construction companies to expand their services in Myanmar, EDB Chairperson and CEO Indira Malwatte said.

Under this initiative, the government hopes to employ more Sri Lankan engineers, quantity surveyors, graduates and others in the overseas construction services sector.

EDB as part of government's ambitious plan to create a knowledge- based economy, will actively engage in promoting and marketing of IT and Business Process Outsourcing (BPO) industry in overseas markets.

The government through the 2016 budget proposals has allocated Rs.150 million to realize these goals.

EDB will be utilising government's funding and work closely with local universities to assist 1,000 young graduates to promote ICT sector and start-up culture in Sri Lanka.

Out of 1,000 graduates, 500 who come up with commercially viable project proposals will be selected where EDB will provide its support for three years to help establish and expand their businesses in respective markets.