Why Sri Lankan Electrical & Electronic Products?
The Electrical and Electronics Industry in Sri Lanka has grown over the past 45 years into key industrial manufacturing sector contributing towards the country’s economic growth. The industry contributed US $ 435 million to the Sri Lanka exports in 2018 and absorbs over 40,000 skilled workers in its multi-faceted activities. The workforce is drawn from a pool of skilled young men and women with basic academic and technical knowledge.
Sri Lankan Electrical and Electronic Products
- The Sri Lankan exporters in Electronics/Electrical Industry are all ISO certified
- Committed towards protecting the environment, observe ROHS and WEEE regulations
- Skilled middle tier technology workforce and intelligent and trainable labor in conformity with the ILO requirements
- Cost Advantage due to cheap labor and low cost of production compared to developed countries.
- Location Advantage being the center of the Indian Ocean, astride the main east-west sea route and at the gateway to South Asia
- British commercial law System with English as the business language
- European & Japanese Technology descent with matured investments,
- Adherence to all international Standards with cutting edge technology,
- Extensive availability of high quality minerals such as kaolin, feldspar, silica sand, quartz and ilmenite, which could be used as a base material for electronic products
- Sri Lankan exporters receive preferential market access under GSP Plus scheme, and several bilateral and other agreements, including the Indo-Lanka Free Trade Agreement and Pakistan-Sri Lanka Free Trade Agreement.
- Government Provisions like tax incentives, tax holidays, Export Processing Zones (EPZ) etc.