We live in a world where human lives, livelihoods, and lifestyles are all defined, determined, and driven by technology. This stark reality has come to stay. Thus, the global need and the demand for Electrical and Electronic will only increase and expand. The global trade statistics in the electronic and electrical manufacturing industry was valued to be over USD 5.0 trillion in 2019 and are anticipated to reach USD 5.8 trillion by 2025. Utilizing the experience, expertise and talent that is available, the global demand presents a promising proposition for Sri Lankan exporters to capture.
Sri Lanka offers ideal opportunities for component and original equipment designing, manufacturing, assembling and exporting, and is based in a region home to the majority of the electrical and electronic products manufacturers. Thus the Sri Lankan electrical and electronic exporters are presented with the most conducive environment to cater to the global market demand capturing a sizable share of it, offering a wide array of products and services, and a ‘Design-to-Delivery’ value offering. It is a promising sector enriched with unique advantages, attributes and growth opportunities that could create sustainable ventures in reaching global markets.