IT, BPO Highest Growth:IT/BPO highest growth sector of Sri Lanka’s economy

Information Technology and Business Process Outsourcing (IT/BPO) industries are forecasted to be amongst the most massive gain world of the country’s market among the 20 percent annual growth rate, in terms of revenue. Even even though Sri Lanka is the new toddler on the block in the IT and BPO area, it has the ability to compete with high profile counterparts.

With the dawn of peace, IT/BPO sector proves signs of making one of the would&wshyp;be industries with the entry of more overseas projects. To enjoy additional economic benefits, having more foreign projects will be a crucial factor to fashion more foreign income in the country.

Speaking to Daily News Business, Lanka BPO Academy Chief Executive Officer Yasas Vishuddhi Abeywickrama said, there is a impending in the banking accounting and engineering designs in persons areas are fast growing as equivalent to out of country market demands. It is heartening to note the present many overseas projects are coming to Sri Lanka in the connected fields.

Commenting on the stumbling blocks which mitigate the growth in the BPO industry. Abeywickrama assumed it is vital to impel the capacity constructing to take the industry to the later level. Skills development of the employees has to be enhanced in a much larger scale to suit the influencing distant business requirements. In addition, the cost of working at business in Sri Lanka is tiny expensive put against to other countries. The physical infrastructure in key region regions outstandingly in telecommunication industry has too to be upgraded aggressively to boost the IT/BPO economical furthermore.

English is the business terminology that is widely used in Sri Lanka. The federal and private sectors reiterate the importance of having English fluent individuals in the IT/BPO and larger number of corporate sectors to become globally competitive. It is high time to teach English in a practical way at the school level to engender funny things astronomical productive human resources for the IT/BPO industry and additional commercial areas.

Abeywickrama assumed the ICT infrastructure in rural populations has to be utilized in a even greater manner additonally increasing the awareness of people on the BPO industry. Employees in the BPO business are blessed amidst many opportunities and are exposed to foreign expertise provided more foreign projects too are coming to Sri Lanka.

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