:.News Line : IT/BPO sector, a growth area for BOI

News Line

Thursday, July 29, 2010 - 6.00 GMT
IT/BPO sector, a growth area for BOI


The Board of Investment of Sri Lanka granted investment approval to Senit Technologies Limited and Vingrows Business Solutions Limited to commence operations under the BOI. The IT/BPO industry in Sri Lanka is witnessing remarkable growth due to the expansion of the global BPO industry, the BOI stated. It also said IT adoption in Sri Lanka is also increasing significantly, driven by the awareness created by the initiatives taken to build IT capacity and competence in Sri Lanka. The BOI, having identified the IT sector as a priority growth sector for economic development, provides many incentives to promote investments. The country is emerging as an offshore outsourcing destination for specialised outsourced services and the combined IT and IT enabled services sector has grown remarkably. The growing IT enabled services industry in Sri Lanka offers a unique advantage for enterprises to enjoy premium access to a high quality talent pool, which is becoming increasingly challenging to large established destinations.

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Last modified: July 29, 2010.