Connecting global markets has always been a core value proposition for Sri Lanka. For centuries the island nation has leveraged its strategic geopolitical positioning to connect the East and the West. Now, as traditional logistics models are disrupted by technological advancements, geographic location is gradually losing its relevance. Despite this, Sri Lanka looks set to continue being a vital piece of the global logistics puzzle through a transition from one core strength to another: a world class tech industry and strong affinity for disruptive digital innovation. The country’s robust talent pool and innovative culture has helped it be a part of global supply chains that would never traditionally cross Lankan shores. Nowhere is this better exemplified than in the case of 99X Technology and IceFresh.
Sri Lanka's geo-strategic location has always made the country an ideal destination to those who wish to access emerging Asian markets. Global multinationals looking to enter large South Asian economies such as India, Pakistan, and Bangladesh have increasingly utilized Sri Lanka as a testing ground to gauge opportunities and utilize the territory as an innovative incubation hub for the region.
Sri Lanka has built a reputation for churning out world-class solutions for multi-billion-dollar industries around the world. Availability and access to top engineering talent, creativity and resourcefulness, and a collaborative mentality to co-innovate solutions differentiate Sri Lanka from other locations.
The Sri Lankan Association of Software and Services Companies (SLASSCOM) announces the signing of a strategic partnership with the Sri Lanka Association of Non-State Higher Education Institutes (SLANSHEI), the umbrella organisation formed through the initiation of seven leading private educational bodies addressing the needs of the non-state higher education sector in the country.
Sri Lanka is home to a rapidly growing ICT/ BPM industry that thrives on innovation, tech development, and high-end service standards. Rather than going on the path of competing with other developing countries for headcount based outsourced businesses, Sri Lanka focused on developing a niche and specialized talent base carving out a competitive position for high-end product & service development and knowledge services.
Transforming Sri Lanka into the hub of the Indian Ocean, with a knowledge-based, highly competitive and social-market economyis the objective of the Vision 2025 policy document of the Government.Making the transistion to anexport, FDI and tourism orientedcountry is the only optionfor Sri Lanka to create better jobs for the youth of our country and to graduate to a higher income economy.
A top level Sri Lankan ICT/BPM delegation organised by the Export Development Board successfully participated at the Japan IT Week 2019 from 8 to 10 May.
As per the instructions of the Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade, Export Development Board organized a meeting with the key Exporters and Investors on Friday 03rd May 2019 at the 3rd Floor Auditorium to discuss the current situation of the country.
Consulate General of Sri Lanka in Sydney along with BOV Capital, Colombo and Grant Thornton, Sydney organised an investor forum showcasing the Start-up Ecosystem in Sri Lanka on Wednesday 17 April. Over 50 entrepreneurs who are keen to understand and look at investment potential in the Lankan Start up Ecosystem participated in the investor forum and the business networking.
Sri Lanka Telecom (SLT), the national ICT solutions provider, entered into a partnership with AsiaInfo International Ltd., a leading IT solutions and service integrator in the global communications industry, to introduce digital products and solutions to the Sri Lankan market.
Japan IT Week is one of the world’s leading ICT/BPM-focused exhibitions and provides a myriad of opportunities for professionals, vendors, service providers and customers to meet exhibitors from across the world and develop profitable business relationships. Japan has a strong track record of innovation, making Japan IT Week the ideal platform for Sri Lankan companies to showcase their offerings, establish business relations and expand their footprint in the continent.
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, demonstrated industrial applications of 5G at their live 5G showcase at Dialog Iconic. The showcase was launched on the 2nd of April in the presence of Minister of Telecommunication, Foreign Employment and Sports, Harin Fernando, Minister of Digital Infrastructure and Information Technology, Ajith P. Perera and the High Commissioner of Malaysia to Sri Lanka Tan Yang Thai.
Sri Lanka Export Development Board (EDB) together with the Singapore Cooperation Enterprise (SCE) commenced a series of programmes comprising workshops, seminars, etc. to enhance the capacity of selected Government Officials focussing on improving exports through innovation, research and development.
Global giant Huawei yesterday (18-03-2019) reiterated its commitment to Sri Lanka, a regional hub for innovation and core business segments delivering good growth with potential for more.
Microsoft and IDC announced via media release the results of a survey where more than 1,600 business leaders and over 1,580 workers across 15 markets in Asia Pacific were asked about the impact of artificial intelligence (AI) on society, business and the economy. The study involved 1,605 business leaders (strategic decision-makers of organisations with 250+ staff) and 1,585 workers (non-decision-makers with an understanding of AI) over a range of industries in 15 markets – namely, Australia, China, Hong Kong, Indonesia, India, Japan, Korea, Malaysia, New Zealand, Philippines, Sri Lanka, Taiwan, Thailand and Vietnam.
With the launch of Sri Lanka’s “National Export Strategy” (NES) in 2018, the Government of Sri Lanka (GoSL) along with the Sri Lanka Exports Development Board (EDB) is paving the way for the country to move towards an export-led economic strategy. The ICT/ BPM sector will be a cornerstone in this overall strategy as it aims to generate USD 5 billion in export revenue, while creating 200,000 jobs and 1,000 start-ups by 2022.
Digital Infrastructure & Information Technology Minister, Ajith P. Perera, said development technology and e-government will soon be a reality in Parliament and government departments. The future will be that delays and excuses for inefficiency will no longer be tangible escape bungs that stifle progress.
The World Expo is one of the oldest and largest international events taking place every 5 years and lasting for 6 month where everyone can learn, innovate and create progress by sharing ideas and working together through a common theme. United Arab Emirates (UAE) has been selected as the host country for the forthcoming event to be held in year 2020. This World Expo will be held for a period of six months from 20th October 2020 to 10th April 2021 in Dubai under the theme “Connecting Minds, Creating the Future”. The World Expo in Dubai in 2020 will be the first to be held in the MENA & SA (Middle East and North Africa & South Asia Region.
Federation of Information Technology Industry Sri Lanka (FITIS) has joined hands with the Taiwan External Trade Development Council (TAITRA) also known as the Taipei World Trade Centre (TWTC) to promote Computex 2019.
Government in collaboration with the private sector is in the process of setting up an operation of a Business Center for Incubators and Accelerators in the Northern region in order to develop Enterprises in the Technology Sector by youth in the Northern region.