Industry posted revenues of US$ 310 million In 2010/2011 becoming Sir Land’s 6th largest export earner. Exports from this sector rose by 47% from LOS$ 210 million In 2009/2010 and are set to reach $1 billion by 201 5 If this momentum Is continued In the coming years, said Export Development Board, (DB) Chairman Joanna Rattlesnake at a press conference in Colombo this week-He expressed the belief that the industry will grow by a compound rate of 25% in the next three years.
With the war ending, this industry is poised to be among the top export earners during the next five years, Mr.. Rattlesnake said, adding that it has the potential of creating more 50,000 direct Jobs from the present 15,000. The value addition of service experts from the IT/BOP industry is a near 100 %. The industry is based on knowledge workers and creates high paying Jobs for educated youth. Each job in IT/BOP industry creates 3-4 other Indirect Jobs In the economy, he told Business Times, on the sidelines of the briefing.
TLS large employment multiplier effect exerts significant economic Impact by way of employment creation. Therefore the IT/BOP Industry has significant potential to drive regional development as the industry picks up and moves to regional centers. The Industry also has no negative impact on the environment, he added-Large companies have contributed to over 70% of the export revenue with medium and small companies making up the balance.
CLASSROOM (Sir Lankan Association of Software and Services Companies) Secretary General Mono Seagram who is also the chairman of the Deed’s advisory committee for he CIT and BOP sectors pointed out that the key finding of the survey was that 78% of the companies are quality certified by international standard agencies. He noted that Sir Lankan will be able to attract major IT companies In the world to set up their companies in the Island providing many it business opportunities for Sir Lankan.
The PWS survey report said the IT export industry earned $250 million while Boos earned $60 million In 2010-11, up from $161 million and $48 million, respectively In 2010/2009. The second part of the survey on the TIES sector (Information Technology Enabled Services) which mainly constitutes Poop’s and Spook’s showed less significant growth when compared to the IT sector, recording export revenue of $60. 6 million against $48. 8 million earlier.
I It Industry in Sir Lankan By mismatch CIT/BOP is Sir Land’s 6th largest export earner:DB survey I By Bandeau The CIT/BOP (Business Process Outsourcing) industry posted revenues of IIS$ 310 million in 2010/2011 becoming Sir Land’s 6th largest export earner. Exports from this sector rose by 47% from IIS$ 210 million in 2009/2010 and are set to reach $1 billion y 201 5 if this momentum is continued in the coming years, said Export Development week.
He expressed the belief that the industry will grow by a compound rate of 25% job in IT/BOP industry creates 3-4 other indirect Jobs in the economy, he told Business Times, on the sidelines of the briefing. This large employment multiplier effect exerts significant economic impact by way of employment creation. Therefore the IT/BOP industry has significant potential to drive regional development as the industry picks up and moves to regional centers. The industry also has no negative impact on the environment, he added.
Large companies have contributed to over 70% General Mono Seagram who is also the chairman of the Db’s advisory committee for that Sir Lankan will be able to attract major IT companies in the world to set up their companies in the island providing many it business opportunities for Sir Lankan. The PAW’S survey report said the IT export industry earned $250 million while Boos earned $60 million in 2010-11, up from $161 million and $48 million, respectively in
