SLASSCOM targets $ 5b IT/BPM industry in 2022
Sri Lanka Association for Software and Services Companies (SLASSCOM) aspires to convert the IT/BPM industry of Sri Lanka into a five-billion-dollar export industry, generating 200,000 direct and indirect jobs and launching 1,000 startups by 2022.
Recently at an event, SLASSCOM president Mano Sekaram said today Sri Lanka’s growth rate was limited to the growth of its export and remittance incomes – and yet the country’s export industry was not doing well with the export basket mainly based on tea, garments and rubber, which has no promise for the future as it is based on labour intensive industry.
SLASSCOM believes the future of Sri Lanka’s economic growth will depend on Sri Lanka’s competitive advantage in Tourism and Knowledge Industry, driven by IT/BPM, which will be the cornerstone of the new economic growth.
According to Sekaram, fifteen years ago, in 2000, the IT industry had an export revenue of US$ 50 million and today, the country is close to being a billion-dollar industry with the highest value addition and are among top five export revenue generators.